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More affordable5 personal loans to help build your credit history.6

Cash Advance

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Applying does NOT affect your FICO® credit score!2
More affordable5 personal loans to help build your credit history.6

Cash Advance

Apply Now
Applying does NOT affect your FICO® credit score!2

What is a Cash Advance Loan?

The term Cash Advance may mean different things depending on who you talk to. A cash advance could be similar to a payday loan5, it could mean borrowing cash from your credit limit using your credit card, or it could even be a loan from your employer deducted from your next pending paycheck.

OppLoans offers fast online personal installment loans that you could use like a cash advance.

OppLoans4Typical Cash Advance Loans5
Loan Amount$500 to $4,000$100 – $1,000
APR160% in most states400%
TermUp to 18 months in most states14 days
Ability to build credit history6 √X

Common Cash Advance Questions

Are Cash Advances safe?

Cash Advances like Payday Loans are often not recommended by financial advisors.
They typically carry very high interest rates (400% APR) and are offered for very short terms (two weeks)5. These high interest rates and short terms can make these cash loans difficult to repay. In fact, four out of five such cash advances are rolled over (extended for another term, at the cost of more fees and additional interest).

If you need an alternative, consider researching a personal installment loan from BBB-accredited and highly rated OppLoans.

Are Cash Advances bad for your credit?

Typically, taking out a cash advance will not have an impact on your credit score (unless you fail to repay it).

If you want to rebuild your credit history, an installment loan could be an alternative
solution for you! OppLoans reports payment history to all three credit bureaus. Credit reporting not available for all products in Texas.

How do cash advance loans work?

Typical storefront cash advances (also known as payday loans5) are usually two week loans secured by your paycheck. The lender has access to your bank account. The loan principal will either be electronically deposited in your checking account or you’ll get cash on the spot. However, repaying a short-term loan can be very difficult and often leads borrowers into cycles of debt.

With a typical credit card cash advance, you use your credit card to take out a cash loan. Your credit card statement will show the cash advance in much the same way that it would if you had bought something. You’re responsible for paying back the cash advance plus fees and interest. Unlike using your credit card for a purchase, with a cash advance you won’t get a grace period in which you don’t have to pay interest.

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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 199%. Installment loan lengths range from 6 to 18 months. Example: A $2,000 installment loan repayable in 9 monthly payments would have an APR of 160% and monthly payments of $395.58 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. Credit reporting not available for Texas customers.


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 855-408-5000, 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

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