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is opploans legit reddit

Unveiling the Truth Behind Opploans: A Comprehensive Review from Redditors

is opploans legit reddit


When it comes to finding a suitable personal loan, the options can seem endless. With so many lenders and online platforms available, it's important to do your research and make sure you're working with a legitimate and trustworthy company. One popular lender that has been gaining attention is OppLoans, and many people are asking the question: is OppLoans legit? In this article, we'll dive into the details and provide an in-depth look at OppLoans, including their background, services, and customer reviews to determine whether or not it's a legitimate option for your lending needs.

What is OppLoans?

OppLoans is an online lending company that offers personal loans to borrowers with less than perfect credit. They focus on helping individuals who may have been turned down by traditional banks or credit unions, providing them with the opportunity to access the funds they need. OppLoans offers loans ranging from $500 to $4,000 with repayment terms of up to 24 months, making them a viable option for larger loan amounts and longer repayment periods.

Legitimacy of OppLoans

One of the biggest concerns that many people have when it comes to online lending platforms is their legitimacy. It's essential to ensure that you're working with a legitimate lender to avoid scams or falling prey to predatory lending practices. In the case of OppLoans, they are a legitimate company with all proper licenses and registrations required by state and federal regulations. They are also accredited by the Better Business Bureau with an A+ rating, indicating a high level of legitimacy and trustworthiness.

Services Offered by OppLoans

OppLoans offers a variety of loan services to their customers, including personal loans, cash advances, and installment loans. Unlike traditional financial institutions, they do not require a minimum credit score for approval. Instead, they take a more holistic approach to assess a borrower's creditworthiness, taking into account factors such as employment history and income. This can be beneficial for individuals with lower credit scores, as it increases their chances of being approved for a loan.

Customer Reviews

To get a better understanding of the experiences of actual customers, we looked into OppLoans' customer reviews. On Trustpilot, OppLoans has a rating of 4.8 out of 5 stars, with the majority of reviews being positive. Customers praised the company for their fast and easy application process, friendly customer service, and prompt loan disbursement. However, some negative reviews mentioned high-interest rates and strict repayment terms. It's important to note that these are common concerns with online lending platforms in general and may vary depending on an individual's financial situation.

The Bottom Line

Based on our research, OppLoans appears to be a legitimate and trustworthy lending option for individuals in need of a personal loan. They have all proper licenses and registrations, a high rating from the Better Business Bureau, and positive customer reviews. However, as with any financial decision, it's crucial to do your own research and carefully consider the terms and conditions before taking out a loan. It's also essential to have a solid repayment plan to avoid falling into debt or defaulting on your loan.


In conclusion, OppLoans is a legit option for borrowers looking for a personal loan. They provide services for individuals with less than perfect credit and offer reasonable loan amounts and repayment terms. However, it's important to do your due diligence and carefully consider the terms and conditions before taking out a loan. We hope this article has provided valuable insights and helped answer the question: is OppLoans legit? Remember to always weigh your options and make an informed decision for your financial well-being.



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