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Bad Credit Loans

You're more than just a credit score. A better financial future is in reach. A personal loan can help you get there.

What is a bad credit loan?

Your creditworthiness is more than a number. But not all lenders see it that way. The good news is that there are reputable lenders who look beyond your FICO credit score. Some lenders look beyond a bad credit score to analyze your overall creditworthiness when it comes to a personal loan.

What is bad credit?

In a nutshell, bad credit is when your credit score is too low for you to qualify for a standard loan.

A bad credit score is typically considered a FICO score under 670.

Your payment history and credit utilization are two of the major factors used to determine your credit score.

Missed payments, maxing out your credit cards, and filling out too many loan applications are unhealthy financial habits that can hurt your credit score and stand in the way of obtaining credit. Unfortunately, lenders view borrowers with low credit scores as less likely to pay back their debts.

But bad credit scores don't have to hold you back. At OppLoans, we look at a borrower's whole financial picture, not just their FICO credit score.2

Choosing the best bad credit loan

You don’t have to struggle to find a bad credit loan. Below are a few factors to consider when applying for loans for bad credit:

  • Repayment terms: Your monthly loan repayments should fit nicely into your budget. Affordable repayments can help you successfully pay off your loan.
  • Fees and penalties: Prepayment penalties, late fees, and origination fees.
  • Annual percentage rate (APR): Check to see if your lender charges prepayment fees, late fees, or origination fees.
  • Credit building opportunities: Paying on time should earn you the credit you deserve. Choose a lender who reports repayments to the credit bureaus.

Recommendations on loans for bad credit

Doing your homework before applying for a bad credit loan can make getting a loan hassle-free.

  1. Learn your credit score: Banks and credit card companies may be able to provide your score for free. Otherwise, you can obtain it from FICO.
  2. Research lenders: No two lenders are the same. Every lender will have their own criteria for qualifying. Find the best deal by comparing lenders that work with your credit score.
  3. Ready your application materials: Details like your annual income, Social Security number, and employer information will help expedite your application process.

Now let’s apply for a loan!


Are bad credit loans safe?

When matched with the right lender, a bad credit loan is comparable to a standard personal loan. OppLoans offers online personal loans designed to give you an affordable monthly repayment. Most of our loans typically have an 18-month repayment term, depending on the state you live in.4 Find out the specific rates and terms in your state here.

What is an unsecured loan?

Unsecured loans don't 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?

OppLoans does not do a hard credit inquiry during the loan application process. When you apply for a loan with us, your credit score is not affected.2

Can OppLoans help boost my credit?

OppLoans is committed to the financial health of its customers. We report your payment history with us to the three major credit bureaus, so every on-time payment you make may help 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 Your loan amount will be determined by several factors, including your state of residence, income, ability to repay, and creditworthiness.5

For a state-by-state guide, 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.