More than 500,000 customers trust OppLoans for their short-term emergency funding needs. The reasons for this are not far-fetched. To begin with, they process funding really quickly, usually anytime from when it’s approved up until the following business day at the most.
Also, its partner lenders do not check the borrower’s credit reports with the three major credit bureaus of TransUnion, Experian, and Equifax. They verify borrowers’ credit scores through Clarity Services instead. The applicant’s credit score isn’t affected this way.
They also provide some form of financial education to help bad credit borrowers get a firmer grip on their finances. On the platform, you will find free quizzes and a couple of short videos on saving, credit, debt, and spending to help you make better financial decisions. Applicants can request anything between $500-$4000. Its minimum loan amount is about the lowest you can find around.