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Bad Credit Loans

Credit score holding you back? If you need money in a pinch, learn how our process may work for you.

What is a bad credit loan?

Your creditworthiness is more than a number. But not all lenders see it that way.

Fortunately, there are options for those who don’t meet common FICO credit score requirements when it comes to personal loans. Unlike banks or credit unions that rely on credit scores to make decisions about potential borrowers, there are also reputable online lenders that look at the big picture to analyze your overall creditworthiness.

What is bad credit?

In a nutshell, bad credit is when your credit score is low enough to prevent you from qualifying for a loan.

Your credit score is determined by a variety of factors, including your payment history and the amount of available credit you are currently using. Incidences like missed payments, using a large percentage of your available credit, or filling out too many loan applications in a short period of time can put negative marks on your credit report and hurt your credit score.

A bad credit score is typically considered a FICO score under 670. Due to their low credit score, these borrowers have been flagged as being less likely to meet their repayment obligations, which can impact their credit card, line of credit, or loan eligibility.

Does any of this sound like you?

Fortunately, bad credit doesn’t have to hold you back forever. OppLoans will consider factors outside of your FICO credit score during the application process.2

Comparing bad credit loan options

Finding the best bad credit loan doesn’t have to be hard. Below are a few factors to consider when applying for a bad credit loan:

  • Repayment terms: Is the repayment period reasonable? Will your monthly payments be manageable once the interest rate has been incorporated?
  • Fees and penalties: Does the lender charge late fees, prepayment penalties, or origination fees?
  • Annual percentage rate (APR): How much are you actually paying for your loan on an annual basis? Is the overall cost of the loan feasible for you to manage?
  • Credit building opportunities: Your loan should work for you, too. Make sure your on-time payments are reported to the credit bureaus to help boost your credit score.


Are bad credit loans safe?

With the right lender, a bad credit loan can work just like a standard unsecured personal loan. OppLoans offers installment loans that typically have an 18-month repayment term, depending on the state you live in.4 You can check out the specific rates and terms in your state here.

OppLoans reports payment activity to the three major credit bureaus, so your on-time monthly payments could help you build positive credit history.6

What is an unsecured loan?

An unsecured loan does not require collateral to guarantee a loan offer. OppLoans does not require collateral for loan approval or payment.

Will a bad credit loan through OppLoans hurt my credit score?

Since OppLoans doesn’t conduct traditional FICO credit checks as part of the loan application process, your credit score will not be impacted when you apply for a loan with us.2

Can OppLoans help boost my credit?

OppLoans is committed to the financial health of its customers. All you have to do is make your loan payments on time! We report your payment history with us to the three major credit bureaus, so every on-time payment you make can help to boost your credit history.6

How much money can I qualify for?

Depending on your state and your income, you may qualify for a loan between $500 and $4,000.4 The loan amount for which you qualify will depend on your state of residence, your income and ability to repay, and your creditworthiness.5

For more information about the product options and lender(s) in your state, please visit our Rates and Terms page.

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California Disclosures and Privacy Policy | California Consumers can opt-out of the sale of personal information by clicking Do Not Sell My Personal Information.

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.

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.

4Installment loan amounts typically range from $500 to $4,000. APR ranges from 59% to 160%. Installment loan lengths range from 9 to 18 months. Example: A $2,000 installment loan repayable in 9 monthly payments would have an APR of 160% and monthly payments of $394.58 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.

5According 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 160% and loan sizes range from $500 to $4,000.

6OppLoans reports customer payment history to the three major credit bureaus. On-time payments may improve credit score.


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 (800) 990-9130, 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

California Residents, view the California Disclosures and Privacy Policy for info on what we collect about you.