Effortless Online Payment

OppLoans believes it’s important to offer easy and convenient ways to pay back your personal installment loan. The most popular and preferred method for many customers is via Automated Clearing House, known as ACH. ACH can be set up as a recurring payment option or as a one-time payment.

We also offer repayment options of checks via mail and debit cards.

Please review details about each payment method below. Please note that any requested changes to scheduled payments by any methods listed below must be requested (2) business days in advance of their due date in order to allow time for payment processing changes.

ACH: This is the most popular repayment method for many customers and stands for Automated Clearing House. ACH is a form of an electronic debit that can either be a recurring payment or a single-entry payment. An ACH payment electronically debits your bank account on record for the agreed payment amount and is processed on the pre-authorized payment dates. To establish, change, or cancel an ACH payment, you must contact us at least two (2) business days prior to your payment due date in order to account for bank processing time. A payment scheduled on a holiday or weekend may not process until the next business day. For additional ACH payment information, please check with your personal financial institution or contact us.

Paper Checks: OppLoans accepts paper checks made payable to OppLoans. Check payments must be received by OppLoans by your payment date. Keep in mind, checks may take 7-10 business days to process after receipt. To receive the most expedited processing, please send checks straight to our PO Box via USPS. Please be aware: any delivery method outside the aforementioned adds processing time. Checks can be mailed to:

OppLoans
P.O. Box 5040
Fredericksburg, VA 22403

Debit Cards: After your loan has been funded, you are able to set-up a one-time debit card payment or recurring debit card payments by calling us at (855) 408-5000. You may also set-up a one-time debit card payment by visiting your OppLoans Customer Portal. Typically, debit card payments are applied the same day. To cancel a debit card payment, you must contact us at least two (2) business days prior to your payment due date in order to account for bank processing time.

If you would like to change your repayment method, please Contact Us and our Advocates will assist you.

We know everyone’s situation is unique, which is why we work closely with our customers to determine the best solution for you.

If you are worried about missing an upcoming payment or defaulting on your account, please contact us and our Advocates will be happy to assist.

Yes! At OppLoans, we want to make things convenient for you. OppLoans does not charge any prepayment fees. You can pay off your loan or make additional payments at any time. Simply log into your account to make a payment using your saved bank account (ACH) or a debit card, or send additional payments via checks.

Please note that if for any reason that your payment does not clear, interest will continue to accrue and the total amount due will increase.

Extra payments help you repay your loan faster, reducing the amount of interest that you will owe. However, please keep in mind that making an early payment does not change or suspend your scheduled payments and you will still need to make your next scheduled payment.

To check the details of your loan payments, log into your account here to view your loan agreement, your scheduled upcoming payments, past payments, and check your balance.

Everyone’s situation is different. To see if you qualify for a settlement agreement, please check the customer portal or call us at (855) 408-5000, and one of our representatives will be happy to help.

When the agreed-upon amount has been satisfied, your account will be reported to the credit reporting agencies as settled for less than the full amount, which may impact your overall credit standing.

Please be aware that OppLoans is a data furnisher, meaning that we supply information to the credit bureaus. That information is then used by the bureaus in order to calculate a credit score based on their criteria. Every consumer has a different mix of credit history and accounts. Therefore, we encourage you to contact the credit bureaus, TransUnion, Equifax, and Experian, directly to discuss how the information in your credit report may impact your credit score.

Please be aware that OppLoans is a data furnisher, meaning that we supply information to the credit bureaus. That information is then used by the bureaus in order to calculate a credit score based on their criteria. Every consumer has a different mix of credit history and accounts. Therefore, we encourage you to contact the credit bureaus, TransUnion, Equifax, and Experian, directly to discuss how the information in your credit report may impact your credit score.