Tennessee - OppLoans

Tennessee

Tennessee Financial Snapshot

At a Glance

Tennessee

Nickname: The Volunteer State
Population: 6.77 million
Capital: Nashville
Website: www.tn.gov

The poverty rate in Tennessee during 2018 was 15%. With its current (as of February 2020) unemployment rate of 3.4% and its median household income of $52,375, there are many people living in this state who are having troubles with their finances.

Average Credit Card Debt and Median Household Income in Tennessee vs. the U.S.

Tennessee

US

Average Credit Card Debt (Q2 2019)

Median Household Income (2018)

Payday Loans in Tennessee

Payday loans are typically required to be paid back within just 2 to 4 weeks, making it difficult for borrowers to return the funds on time. As a result, many payday loan borrowers find themselves needing to take out additional loans just to pay back their original payday loan.

Consumer Protection in Tennessee

How to Report a Lender in Tennessee

To file a complaint against a Tennessee lender, borrowers can contact the Tennessee Department of Financial Institutions to file a complaint.

Borrowers can:

Register the complaint online
Supply supporting documents
Call 1-800-778-415 to receive a consumer complaint form
Fax a completed consumer complaint form to (615) 253-7794
Request a form via e-mail at tdfi.consumerresources@tn.gov
Mail a completed consumer complaint form to TDFI (address below)

Tennessee Department of Financial Institutions Information

Address:312 Rosa L. Parks Avenue, 26th Floor Nashville, TN 37243
Phone:(615) 741-2236
Website:http://www.tennessee.gov/tdfi/

Guides to Payday Loans in Tennessee Cities

Check out these payday loan guides for the following cities in Tennessee…

Chattanooga | Clarksville | Knoxville | Memphis | Murfreesboro | Nashville | Smyrna

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Industry Insight:

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Applications submitted on this website may be originated by one of several lenders, including: Opportunity Financial LLC, a licensed lender in certain states; or one of our lending partners . All loans originated by our lending partners will be serviced by OppLoans.

DE residents: Opportunity Financial, LLC is licensed by the Delaware State Bank Commissioner, License No. 013016, expiring December 31, 2020.

NM Residents: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website http://www.rld.state.nm.us/financialinstitutions/.

NV Residents: The use of high-interest loans services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

²OppLoans may use credit report information provided by Clarity Services and Experian as part of the application process to determine your creditworthiness. Neither credit inquiry will appear as a hard credit inquiry on your Experian credit report and therefore they will not affect your FICO score.

³ Testimonials reflect the individual’s opinion and may not be illustrative of all individual experiences with OppLoans. Ratings on third-party websites may periodically change; please check the third-party websites for up-to-date reviews and ratings. Check loan reviews.

⁴ Rates and terms vary by state. This is an expensive form of credit and you should determine whether our product(s) meets your financial needs.

⁵ According to the Consumer Federation America, a non-profit consumer advocacy group, payday loans range in size from $100 to $1,000, depending on state legal maximums, and carry an average annual percentage rate (APR) of 400%. The maximum APR for a loan offered through and serviced by OppLoans is 199% and loan sizes range from $500 to $4,000. https://paydayloaninfo.org/facts

^† OppLoans reports customer payment history to the three major credit bureaus. On-time payments may improve credit score. Credit reporting not available for Texas customers.

USA PATRIOT ACT NOTICE: IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

If you have questions or concerns, please contact the Opportunity Financial Customer Support Team by phone at 855-408-5000, Monday – Friday, 7 a.m. – 11:30 p.m. and Saturday and Sunday between 9 a.m. – 5:00 p.m. Central Time, or by sending an email to info@opploans.com.

Our Commitment to Accessibility

Opportunity Financial, LLC is committed to making our website’s content accessible and user friendly to everyone. If you are having difficulty viewing or navigating the content on this website, or notice any content, feature, or functionality that you believe is not fully accessible to people with disabilities, please call our Customer Service team at (855) 408-5000 or email our team at info@opploans.com with “Disabled Access” in the subject line and provide a description of the specific feature you feel is not fully accessible or a suggestion for improvement. We take your feedback seriously and will consider it as we evaluate ways to accommodate all of our customers and our overall accessibility policies. Additionally, while we do not control such vendors, we strongly encourage vendors of third-party digital content to provide content that is accessible and user friendly.