Loans for Bad Credit in Florida
Dealing with unexpected expenses in Florida can be challenging, especially if you have poor or no credit. The OppLoans Lending Platform can provide Florida residents with installment loans to overcome those challenges, even with bad credit.
The figures above are examples of our typical installment loan (excluding refinance loans), and do not serve as guarantee of any rates and terms that you may qualify for. Please see our rates & terms.
Testimonials reflect the individual's opinion and may not be illustrative of all individual experiences with OppLoans.
There are many types of personal loans available in Florida, including personal installment loans, payday loans, auto loans, title loans, and more. However, not all loans are created equal. For instance, even though payday loans are legal in Florida, they are not advisable if you can get a loan at a better interest rate.
Loans serviced by OppLoans are frequently borrowed by customers who have been unable to get traditional personal loans from banks or credit unions. Also, loans offered through the OppLoans Lending Platform in Florida may be funded as soon as the same business day.1 The funds can cover sudden expenses such as car repairs, home improvements, emergencies, travel costs, and other financial obligations.
Why choose OppLoans for a loan in Florida
If your credit history isn't perfect, don't worry – we're here for you! Our dedication to outstanding customer service, combined with our lending partners, enables us to assist those who might find doors closed at traditional financial institutions.
- Easy to Apply: Apply online from start to finish with our simplified application process.
- Same-Day Funding Available: If approved, you may receive money in your account as soon as the same business day!1
- Loan Support At Every Step: Our top-rated Customer Advocates are available to provide support at every step of the application process.
- No Hidden Fees: No origination fees. No application fees. No prepayment penalties.
Rates of our bank lending partners in Florida
The annual percentage rates (APR) for a personal loan in Florida offered by our bank lending partners and serviced through OppLoans ranges from 160% to 179%4. The OppLoans Lending Platform offers simple interest loans and may be able to work with you to structure a flexible repayment plan.
Visit our Florida Rates and Terms page for more details.
Do all personal loans in Florida require a credit check?
Traditional lenders typically require a credit check before approving an installment loan. The OppLoans Lending Platform 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. The OppLoans Lending Platform makes decisions based on an applicant’s overall creditworthiness.
Our system simplifies the borrowing process for individuals with less-than-perfect credit. Many banks and credit unions will not even consider a loan if your credit score is too low, but our lending partners will.
More About Florida
Florida is widely recognized for its tourism industry. It is often called the "sunshine state" because of its warm climate, stunning beaches, and renowned theme parks, attracting over 141 million state visitors in 2023. In 2022, Disney World was reported as the most popular theme park globally, welcoming an impressive 17 million guests.
Florida is the 4th largest economy of all 50 states based on gross domestic product (GDP). As of 2023, the unemployment rate was 2.9%, the state sales tax was 6%, and there was no state income tax. The absence of state income tax has made Florida an attractive destination for retirees and workers seeking to reduce their tax burden.
FAQs
Through the OppLoans Lending Platform, Florida residents with bad credit may qualify for an online personal loan from $500 to $4,000.4 The platform performs a soft credit check, so applying won't negatively impact your FICO® score.2
Yes, personal loans are legal in Florida. The OppLoans Lending Platform offers installment loans for bad credit borrowers.
The first step in applying for a loan is to complete our online loan application. To be eligible for a lending product through the OppLoans Lending Platform, potential borrowers must:
- Be 18 years or older
- Have a bank account (checking or savings account)
- Reside in one of the states in which we currently operate
- Have a regular source of income
- Receive income through direct deposit
- Loan Amount: $500-$4,000
- Repayment Term: 9-18 Months4
- APR: 160% - 179%
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