Loans for Bad Credit in Virginia
Taking care of unexpected expenses in Virginia can be challenging, especially if you have poor or no credit. Through the OppLoans platform, our bank partners provide installment loans to help overcome those difficult moments, even with bad credit.
Loans from
$500 - $5,000
Repayment term4
9 - 18 Months
APR
160% - 195%
The figures above are examples of our lending partner’s typical installment loan offers and do not serve as guarantee of any rates & terms that you may qualify for.
Testimonials reflect the individual's opinion and may not be illustrative of all individual experiences with OppLoans.
The OppLoans platform is here to help credit-challenged Virginians who lack access to traditional lending options. Our bank partners don’t base funding decisions exclusively on your FICO credit score — which means you may qualify for a loan, even with bad credit. This can provide the support you need when facing a sudden car repair, home improvement, or other financial obligation. The online process is quick and easy, and applying does NOT affect your FICO® credit score.2
Why choose the OppLoans platform for a loan in Virginia
If your credit history isn't perfect, don't worry – we're here for you! Our dedication to outstanding customer service, combined with our bank partners, enables us to assist those who may experience difficulty at a traditional financial institution.
- Easy to Apply: Apply online from start to finish with the 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 partners in Virginia
The annual percentage rates (APR) for a personal loan in Virginia offered by our bank partners and serviced through OppLoans ranges from 160% to 195%.4 Through the OppLoans platform, our bank partners offer simple interest loans and may be able to work with you to structure a flexible repayment plan.
Visit our Virginia Rates and Terms page for more details.
Do all personal loans in Virginia require a credit check?
Traditional lenders typically require a credit check before approving an installment loan. Our bank partners that lend on the OppLoans 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.² Our bank partners make decisions based on an applicant’s overall creditworthiness.
The OppLoans platform simplifies the borrowing process for individuals with lower credit scores. Many banks and credit unions will not even consider a loan if your credit score is too low, but our bank partners will.
More about Virginia
As of 2024, Virginia is ranked 13th among the 50 states in the US for Gross Domestic Product (GDP). The economy is driven by a diverse range of sectors but is recognized for defense and government contracts, partly due to the location of the Pentagon in Arlington, VA, and its proximity to the nation's capital. In 2022, the Department of Defense spent $68.5 billion in Virginia, second only to Texas.
Virginia has one of the lowest unemployment rates in the country at 2.9% and a median household income of $89,931, which is $12,212 higher than the US national average. The cost of living is slightly above the US average (29th most affordable state), but sales tax is one of the lowest at 5.77% (combined state and local rate). State income tax is also not particularly high, ranging between 2% and 5.75% depending on the tax bracket.
Virginian residents needing financial support can seek assistance from the Virginia Department of Social Services. The department offers a range of programs that can help with basic living needs. This includes food assistance provided through the SNAP program, as well as the Virginia Energy Assistance Program, Medical Assistance Programs, Temporary Assistance for Needy Families, and more.
FAQs
Through the OppLoans platform, Virginia residents with bad credit may qualify for an online personal loan from $500 to 5,000.4 The platform performs a soft credit check, so applying won't negatively impact your FICO® score.2
Yes, personal loans are legal in Virginia. Through the OppLoans platform, our bank partners offer installment loans for borrowers with poor credit.
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 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 - $5,000
- Repayment Term: 9 - 18 Months4
- APR: 160% - 195%