But OppLoans is far too pricey to consider, as their interest rates range from 59% to 160%. OppLoans is not technically a “payday lender” because their loans can last up to 18 months, rather than having to be paid from your next paycheck. Many payday lenders charge even higher interest rates, too.Jul 22, 2021
Will a payday loan affect my credit score? Usually, your score won’t be damaged by a payday loan, as long as you repay it in full and on time. Remember, you don’t just have one credit score. Credit reference agencies, lenders and other companies will calculate your score using their own methods and criteria.
Is OppLoans legit? OppLoans is a legitimate lender that specializes in installment loans for those with bad credit. For people with less than ideal credit who need funds quickly and can pay the amount back in a short period of time, OppLoans may be a good lender to use.Jun 16, 2021