Questions

Applications

Our personal loan application process is quick and easy. The process usually only takes around 10 minutes to complete once you’ve gathered the required documents.

To apply for a personal loan, you’ll need to provide the following documents:

  • Government-issued ID (from most countries)
  • Proof of address, such as gas and electricity bills
  • Proof of income, such as paystubs or W-2s
  • Contact information for your employer
  • A list of your recurring monthly debt payments

After you submit your application and these documents, we’ll typically let you know if you’re approved for a personal loan in a matter of minutes.

You may be able apply for a personal loan through Oportun with a cosigner in certain situations. We’ll let you know when you apply if you’re eligible.

A cosigner is someone who adds their name to your personal loan application. This is typically a close friend or family member. You’ll want to choose a cosigner who has a high credit score. Your cosigner’s credit history can strengthen your personal loan application and increase your chances of getting approved.

It’s important to understand that your cosigner can be held responsible for your personal loan payments if you don’t make them on time. Their credit score will also be impacted by the credit activity on your personal loan account. For these reasons, it’s important to make your personal loan payments on time.

Getting prequalified won’t impact your credit score. A prequalification only requires a soft inquiry of your credit report. Soft inquiries allow lenders to see some information from your credit report without impacting your credit score.

If you choose to submit a formal application, a hard credit inquiry will be conducted. Hard inquiries can impact your credit score.

When you take out a personal loan, you often have to pay some fees. Your personal loan’s annual percentage rate (APR) includes the cost of these fees and the interest.

You may be charged an origination fee to cover the costs of preparing your loan agreement. If you’re charged these fees, they’ll be calculated in your personal loan’s APR.

You may also be charged fees for late payments or returned payments. Late payments may be reported to the national credit bureaus and reduce your credit score. That’s why it’s important to make your personal loan payments on time.

You’re more than just your credit score. That’s why your credit history is just one of many factors used to assess your eligibility. Many other factors are considered when reviewing your loan application, including your:

  • Annual income
  • Monthly debt
  • Ability to pay
  • Employment history
  • (for secured personal loans)
  • Credit history and credit score

Even if you’ve gone through bankruptcy in the past, you may still be able to get approved for a loan.

We know that your time is valuable. That’s why we’re committed to providing you with fast service. Whether you want to prequalify or formally apply for a personal loan, the application process is quick and easy.

  1. Getting prequalified

You can find out if you prequalify for a personal loan in minutes. All you need to do is provide some basic information about your financial background.

Once you submit your prequalification application, we’ll let you know if you meet the basic eligibility requirements. If you meet the requirements, we’ll let you know what types of personal loan terms are available to you.

Note: Getting prequalified will not impact your credit score.

  1. Formally applying for a personal loan

If you’re ready to fill out a personal loan application, you’ll be happy to learn that the formal application only takes around 10 minutes to complete. To help make the process faster, be sure to have the required documents.

Here’s what you’ll need to apply for a personal loan:

  • Government-issued ID (from most countries)
  • Proof of address, such as gas and electricity bills
  • Proof of income, such as paystubs or W-2s
  • Contact information for your employer
  • A list of your recurring monthly debt payments

After you submit your personal loan application, we’ll let you know if you’re approved—typically in a matter of minutes.

  • Original vehicle title
  • Vehicle registration (original or copy, must be registered in AZ, CA, FL, NJ or TX)
  • Driver’s license (US issued or international)
  • Proof of income
  • Proof of address
  • Pictures of your car (front, back driver side, passenger side, VIN, and odometer)
  • Bank account and routing number for instant verification

If you lost your Oportun® Visa® Credit Card offer code, don’t worry. We can share it with you again. Just call us at 855-613-0070. We can also help you apply for your new credit card account during this call.

Here at Oportun, we know that opening a new credit card account is an important decision. If you’ve filled out an Oportun® Visa® Credit Card application, you don’t need to proceed with opening the account. You can cancel your application at any time before it’s submitted.

To cancel your credit card application, give us a call at 855-613-0070.

If you received an Oportun® Visa® Credit Card offer in the mail, you can accept it online here or by calling us at 855-613-0070. We’re available to take your call during the following business hours:

  • Monday through Friday, 8 am to 8 pm CT
  • Saturday through Sunday, 9 am to 7 pm CT
  • Holidays, 9 am to 7 pm CT (holiday hours may vary)

The application process is simple and quick. Once your account is set up and you’ve received your credit card, you can start using your new credit card to make purchases.

Your Oportun credit card can help you establish a positive credit history. We report all of your credit activity to the nationwide credit bureaus.

Not sure if your offer is still valid? You can check to see if your offer is still active at Oportun.com/myoffer.

It’s easy to apply for an Oportun® Visa® Credit Card over the phone. Simply call us at 855-613-0070 to get started. If you’ve already received a credit card offer letter, make sure you have it on hand during the call.

You can call us at any of the following times:

  • Monday through Friday, 8 am to 8 pm CT
  • Saturday through Sunday, 9 am to 7 pm CT
  • Holidays, 9 am to 7 pm CT (holiday hours may vary)

If your credit card application is approved, you can use your new credit card to start building your credit history. You’ll want to ensure you make all of the credit card payments on time and in full. Late payments can negatively impact your credit score.

To apply for an Oportun® Visa® Credit Card, you’ll need to provide the following information:

  • Email address
  • Mobile phone number
  • Photo ID (such as driver’s license or passport)
  • Proof of income (such as paystubs or bank statements)
  • Proof of address (such as gas and electricity bills)

After you submit this information, we’ll review your credit card application and let you know if you’re approved shortly after.

Credit cards

Only one person is allowed to sign for a credit card. You won’t be able to add any authorized users to your account.

As a result, you’ll be solely responsible for managing your Oportun® Visa® Credit Card account. Fortunately, we make it easy to manage your account with our online banking system.

If one of your credit card transactions says it’s pending authorization, it simply means the merchant still needs to authorize and settle the transaction on their end.

Once the transaction is officially authorized by the merchant, the transaction will no longer be pending.

It usually only takes a few days for a pending transaction to go through. As long as you have enough credit to cover the transaction, the pending authorization will resolve on its own.

You can log in to your online account and sign up for electronic statements to view your statements online. Once you’re logged in, you’ll have access to your monthly Oportun® Visa® Credit Card statements 24/7 at your convenience.

You’ll also be able to:

  • Check your credit card balance
  • Review your transaction history
  • Make credit card payments
  • Enroll in automatic payments
  • Set up alerts for your account

Thanks to our convenient online system, you can access your credit card statements whenever you need them.

It’s easy to manage your credit card online. All you have to do is log in to your online account.

Once you’re logged in, you can:

  • Check your balance
  • View your transactions
  • Review your monthly statements
  • Make a payment
  • Set up account alerts
  • Set up automatic payments

Thanks to these online credit card management tools, you can track your spending and pay your credit card balance from anywhere in the world. You just need an active internet connection.

To apply for an Oportun® Visa® Credit Card, you can call us at 855-613-0070. We’re happy to guide you through the credit card application process over the phone.

For any questions about credit card servicing or payments, call us at 833-OPORTUN (833-676-7886). We can answer your questions about the credit card services and help you set up automatic payments for your account.

Activating your Oportun® Visa® Credit Card is easy. Here are two ways you can do it:

  1. Online

If you want to activate your credit card online, just visit Oportun.com/activate. Once you’re there, you can create an online Oportun account and activate your card.

  1. Over the phone

You can also activate your new credit card over the phone by calling 833-OPORTUN (833-676-7886).

Once your credit card is activated, you can use it to make purchases. We’ll begin reporting your credit activity to the nationwide credit bureaus at this time.

By making your credit card payments on time, you can establish a positive credit history using your card.

Getting prequalified won’t impact your credit score. A prequalification only requires a soft inquiry of your credit report. Soft inquiries allow lenders to see some information from your credit report without impacting your credit score.

If you choose to submit a formal application, a hard credit inquiry will be conducted. Hard inquiries can impact your credit score.

If you lost your Oportun® Visa® Credit Card offer code, don’t worry. We can share it with you again. Just call us at 855-613-0070. We can also help you apply for your new credit card account during this call.

Here at Oportun, we know that opening a new credit card account is an important decision. If you’ve filled out an Oportun® Visa® Credit Card application, you don’t need to proceed with opening the account. You can cancel your application at any time before it’s submitted.

To cancel your credit card application, give us a call at 855-613-0070.

If you received an Oportun® Visa® Credit Card offer in the mail, you can accept it online here or by calling us at 855-613-0070. We’re available to take your call during the following business hours:

  • Monday through Friday, 8 am to 8 pm CT
  • Saturday through Sunday, 9 am to 7 pm CT
  • Holidays, 9 am to 7 pm CT (holiday hours may vary)

The application process is simple and quick. Once your account is set up and you’ve received your credit card, you can start using your new credit card to make purchases.

Your Oportun credit card can help you establish a positive credit history. We report all of your credit activity to the nationwide credit bureaus.

Not sure if your offer is still valid? You can check to see if your offer is still active at Oportun.com/myoffer.

It’s easy to apply for an Oportun® Visa® Credit Card over the phone. Simply call us at 855-613-0070 to get started. If you’ve already received a credit card offer letter, make sure you have it on hand during the call.

You can call us at any of the following times:

  • Monday through Friday, 8 am to 8 pm CT
  • Saturday through Sunday, 9 am to 7 pm CT
  • Holidays, 9 am to 7 pm CT (holiday hours may vary)

If your credit card application is approved, you can use your new credit card to start building your credit history. You’ll want to ensure you make all of the credit card payments on time and in full. Late payments can negatively impact your credit score.

To apply for an Oportun® Visa® Credit Card, you’ll need to provide the following information:

  • Email address
  • Mobile phone number
  • Photo ID (such as driver’s license or passport)
  • Proof of income (such as paystubs or bank statements)
  • Proof of address (such as gas and electricity bills)

After you submit this information, we’ll review your credit card application and let you know if you’re approved shortly after.

If you want to make your Oportun® Visa® Credit Card payment over the phone, just give us a call at 833-OPORTUN (833-676-7886).

You’ll need to provide some information about your chosen payment method during the call. You can pay with a savings account, checking account, or debit card. We’ll walk you through the rest of the payment process over the phone.

Yes, you can make your Oportun® Visa® Credit Card payment with cash.

To pay with cash, simply stop by a MoneyGram payment station near you. There are hundreds of MoneyGram locations located nationwide inside CVS and Walmart stores. You can use their helpful store locator to find the closest one in your area. To complete your payment, you’ll need to use receiver code 18801.

If you want to use a payment method that’s even more convenient, try our online banking system. You can access it from your online Oportun account. Once you’re logged in to your account, you can set up automatic payments.

We try to update your available credit on your Oportun® Visa® Credit Card account as quickly as possible. After you make your credit card payment, it usually takes three to five business days to see an adjustment in your available credit.

If you’re trying to increase your credit limit, make your credit card payments on time each month. Even one late payment could negatively impact your credit history and prevent you from qualifying for a higher credit limit.

There are many convenient payment options for your Oportun® Visa® Credit Card. Here are the four main ways you can pay your credit card:

  1. Online

To make your credit card payment online, start by logging in to your account. You can fill in your payment information through our online portal.

During the payment process, you can either choose to make a one-time payment or set up automatic payments using your checking or savings account.

By enrolling in automatic payments, you won’t need to worry about missing a payment’s due date as long as there are sufficient funds in your bank account. Your credit card payments will automatically be made on time.

  1. Over the phone

To make your credit card payments over the phone, simply call 833-OPORTUN (833-676-7886) and press 1. We can guide you through the payment process step by step during the call.

You’ll need to provide your payment information on the call. You can pay with a checking account, savings account, or debit card. If you pay with a checking account or savings account, be sure to have your account number and routing number handy.

  1. By mail

If you prefer to pay your credit card payment by mail, simply send a check or money order to:

Oportun
PO Box 561240
The Colony, TX 75056

Make sure to include your account number on the check or money order so that our team can apply your payment to the correct account.

  1. In person

You can pay your credit card in person at a CVS or Walmart location with a MoneyGram payment station located inside. You’ll need to use receiver code 18801 to complete your payment.

Credit scores try to estimate the likelihood that a borrower will pay back debts on time. There are many types of credit scores developed by different companies, but the FICO® score, developed by Fair Isaac Corporation, is one of the most commonly referenced credit scores.

According to Fair Isaac Corporation , your FICO® credit score is a number between 300 and 850, and is calculated by a formula that takes into account the following factors:

  • Payment history (35%)
  • Amount owed (30%)
  • Length of credit history (15%)
  • Credit mix (10%)
  • New credit (10%)

Digit

Oportun acquired Digit. By joining forces, we’re able to offer more ways to improve your financial health. We think you’ll really enjoy these new financial tools.

Digit is a super simple app that makes it easy to save money, start investing, and even help reduce overdraft fees. Digit links with your bank and calculates smart savings based on your income and spending habits. It then sets aside small amounts toward your goals that you won’t even notice. And it adds up! The app also unlocks financial freedom by doing other smart things with your money, like budgeting, banking, and more.

Establishing credit

There are three nationwide credit reporting agencies, also called credit bureaus: Experian, TransUnion, and Equifax. These companies collect financial and other data about users, which is recorded in credit reports and used to create credit scores. Each bureau does not collect the exact same information, so a person can actually have multiple credit scores, including multiple FICO® credit scores.

Your reported credit activity is what makes up your credit history. The details about the credit accounts you have (the balances you owe on them and whether or not you’ve made your payments on time) are reported to credit bureaus to help you build credit history.

While you work on building your credit history, it’s important to make your loan and/or credit card payments on time. Missed or late payments can negatively impact your credit score.

Credit scores try to estimate the likelihood that a borrower will pay back debts on time. There are many types of credit scores developed by different companies, but the FICO® score, developed by Fair Isaac Corporation, is one of the most commonly referenced credit scores.

According to Fair Isaac Corporation , your FICO® credit score is a number between 300 and 850, and is calculated by a formula that takes into account the following factors:

  • Payment history (35%)
  • Amount owed (30%)
  • Length of credit history (15%)
  • Credit mix (10%)
  • New credit (10%)

Payments

Our goal is to set you up for financial success with affordable personal loan payments. Your personal loan payments will depend on your:

  1. Loan amount

The more money you borrow, the larger your payments may be. Smaller personal loans usually come with smaller payments.

  1. Loan term

Longer loan terms allow you to spread your loan payments over a longer span of time. As a result, longer loan terms usually result in lower payments.

Shorter loan terms may increase your payment amount, but they can also reduce the overall amount of interest you pay on your personal loan.

  1. Interest rate

Your interest rate is factored into your personal loan payments.

We understand that some months may be more financially challenging than others. When unexpected costs arise, you may struggle to make your personal loan payment.

If you’re in this situation, please let us know right away. Call us at 888-907-0129 , and we’ll try to work through a solution with you.

If you miss your payment, we’ll have to report your missed or partial payment to the nationwide credit bureaus. Since payment history is the most significant factor in the FICO® credit scoring model, even one missed payment can hurt your credit score.

If you want to let someone else make a payment on your personal loan, you can. Keep in mind that privacy laws limit how much information we can share about your personal loan with them.

You’ll want to share your payment details with this person ahead of time. To complete your personal loan payment on your behalf, this trusted individual will need to know the following information:

  • The name associated with your personal loan
  • The telephone number associated with your personal loan
  • Your payment amount

Instead of having someone else make your personal loan payments for you, you may want to consider setting up automatic payments. You can enroll in auto pay from your online account, at an Oportun location, or over the phone at 866-488-6090. Once you’re enrolled in auto pay, your personal loan payments will be made automatically.

If you want to make your Oportun® Visa® Credit Card payment over the phone, just give us a call at 833-OPORTUN (833-676-7886).

You’ll need to provide some information about your chosen payment method during the call. You can pay with a savings account, checking account, or debit card. We’ll walk you through the rest of the payment process over the phone.

Yes, you can make your Oportun® Visa® Credit Card payment with cash.

To pay with cash, simply stop by a MoneyGram payment station near you. There are hundreds of MoneyGram locations located nationwide inside CVS and Walmart stores. You can use their helpful store locator to find the closest one in your area. To complete your payment, you’ll need to use receiver code 18801.

If you want to use a payment method that’s even more convenient, try our online banking system. You can access it from your online Oportun account. Once you’re logged in to your account, you can set up automatic payments.

We try to update your available credit on your Oportun® Visa® Credit Card account as quickly as possible. After you make your credit card payment, it usually takes three to five business days to see an adjustment in your available credit.

If you’re trying to increase your credit limit, make your credit card payments on time each month. Even one late payment could negatively impact your credit history and prevent you from qualifying for a higher credit limit.

There are many convenient payment options for your Oportun® Visa® Credit Card. Here are the four main ways you can pay your credit card:

  1. Online

To make your credit card payment online, start by logging in to your account. You can fill in your payment information through our online portal.

During the payment process, you can either choose to make a one-time payment or set up automatic payments using your checking or savings account.

By enrolling in automatic payments, you won’t need to worry about missing a payment’s due date as long as there are sufficient funds in your bank account. Your credit card payments will automatically be made on time.

  1. Over the phone

To make your credit card payments over the phone, simply call 833-OPORTUN (833-676-7886) and press 1. We can guide you through the payment process step by step during the call.

You’ll need to provide your payment information on the call. You can pay with a checking account, savings account, or debit card. If you pay with a checking account or savings account, be sure to have your account number and routing number handy.

  1. By mail

If you prefer to pay your credit card payment by mail, simply send a check or money order to:

Oportun
PO Box 561240
The Colony, TX 75056

Make sure to include your account number on the check or money order so that our team can apply your payment to the correct account.

  1. In person

You can pay your credit card in person at a CVS or Walmart location with a MoneyGram payment station located inside. You’ll need to use receiver code 18801 to complete your payment.

To pay your personal loan by check, simply drop off your check at one of our locations or mail it in. Make sure to include your loan number on the check memo line. Please do not mail any cash along with your check.

You can mail your check to the following address:

Oportun
PO Box 2063
Menlo Park, CA 94026

We offer a number of ways to make your personal loan payments in person. Plus, we’re always adding new payment locations to make it even more convenient.

  1. Visit an Oportun location near you

You can make your personal loan payments at an Oportun location if there is one near you. (You can find locations here.) We accept cash, checks, and money orders.

Before you stop by with cash, be sure you have the exact amount for your payment. We aren’t able to make change at this time. If you pay a larger amount than what you owe, we’ll credit the excess to your account.

  1. Go to an approved payment location near you

You may also make your personal loan payment at a local Walmart, Kmart, CVS, 7-Eleven, grocery store, corner store, or Family Dollar store.

Many of these stores have the following payment stations on site:

CheckFreePay

CheckFreePay payment stations don’t charge any fees. To pay your personal loan at a CheckFreePay location, you’ll need your loan number. You can find this number in your loan documents. You’ll also need to provide your name and phone number associated with your loan.

MoneyGram

MoneyGram payment stations don’t charge any fees. To pay your personal loan at one of these locations, you’ll need your loan number.

If you’re making payments on a personal loan, use receive code 7991. If you’re making payments toward an auto loan, use receive code 14565.

PayNearMe

If you make your personal loan payment at a PayNearMe payment station, you may have to pay a fee. We don’t take any portion of this fee. It all goes to PayNearMe. If your personal loan was disbursed in any of the following states, you might not have to pay a fee:

  • California
  • New Jersey
  • New Mexico
  • Wisconsin

After you find a PayNearMe payment location near you, you can pay with your PayNearMe barcode. You can find this barcode in your loan documents.

Note: Some of these payment options are limited for auto loan payments.

If you prefer to make your personal loan payment over the phone, call 866-488-6090 . We’d be happy to help you complete your payment.

Our phone payment process is quick and secure. You can make your personal loan payments with a savings account, checking account, or debit card. We’ll ask you to provide some information about your chosen payment method during the call.

We can also help you set up automatic payments at this time. Automatic payments are a helpful way to manage your personal loan payments.

Your reported credit activity is what makes up your credit history. The details about the credit accounts you have (the balances you owe on them and whether or not you’ve made your payments on time) are reported to credit bureaus to help you build credit history.

While you work on building your credit history, it’s important to make your loan and/or credit card payments on time. Missed or late payments can negatively impact your credit score.

There are two ways to make online personal loan payments.

  1. Pay through your online account

Whether you want to make a one-time payment or set up automatic recurring payments, you can do so directly from your online account.

After logging in to your account, fill in the information about your preferred payment method. If you want to pay with a checking account or savings account, you’ll need to provide the account number and routing number. You can also pay with your debit card.

  1. Pay through your bank’s bill pay system

If your bank offers an online bill pay system, you can use it to make your personal loan payments. We won’t charge you any fees for using your bank’s system.

Here at Oportun, the easiest way to make your personal loan payments is by enrolling in automatic payments. With auto pay, your personal loan will get paid on time automatically each month.

To set up auto pay, choose the payment method you want to use to make your personal loan payment. You can use a checking account, savings account, or debit card. If you use a checking account or savings account, you’ll need to provide the account number and routing number. You can find this information in your bank statement.

Once you have your payment information handy, you can enroll in auto pay in one of many ways:

  • From your online Oportun account
  • Over the phone by calling us at 866-488-6090
  • At an Oportun office near you

After auto pay is set up, all of your personal loan payments will be made automatically for the rest of your loan term. You won’t need to worry about late payments anymore. By ensuring all of your payments get made on time, auto pay can help you maintain your credit score.

Personal loans

Once your personal loan application is approved, you can request to receive your money by check or direct bank deposit. Loan disbursement methods may vary based on your state.

A personal loan is an amount of money you borrow to pay for personal expenses.

Personal loans can be used for:

  • Unexpected expenses
  • Medical bills
  • Home improvements
  • Car repairs
  • Big purchases
  • Debt consolidation

Personal loans are a type of installment loan, which means you repay the loan in scheduled payments over a set period of time. The amount of time you have to repay your personal loan is known as the loan term.

In addition to having fixed loan terms, personal loans through Oportun also have fixed interest rates.

Even if you don’t have any credit history, you may still qualify for a personal loan through Oportun. If your application is approved, your new personal loan can give you the chance to establish a positive credit history as you make your

The vehicle must meet our standards, including:

  • 25 model years (1995) or newer with fewer than 250,000 miles
  • Eligible vehicle makesAcura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, Genesis, GMC, Honda, Hyundai, Infiniti, Jaguar, Jeep, Kia, Land Rover, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Ram, Scion, Subaru, Toyota, Volkswagen, Volvo
  • Ineligible vehicle makes: Exotic models, alternative fuel vehicles, electric models, leased vehicles, vehicles registered outside your state of residence, heavy-duty trucks greater than F350/3500 (12K GVW), cargo or conversion vans, commercial or “for hire” vehicles, salvage or branded title vehicles, flood or frame damaged vehicles, and vehicles with replaced or modified odometers

Yes, you need to be the only listed owner of the car.

Yes, you must own your car. You can’t have any remaining payments on a car loan, and the title must be free and clear with no lien on it.

We understand that unexpected things happen. Please let us know right away if you think you won’t be able to make a payment. Call us at 855-754-5491 and we’ll try to work something out. If your loan remains delinquent without any payment arrangements, you could lose your car.

Once you’re approved, your vehicle meets our requirements, and we have all necessary documentation, we can disburse the loan in as little as 24 hours.

The biggest difference is that our secured personal loans require you to secure your loan with your car title, while our standard personal loans do not. It’s usually easier to get approved for a loan this way. You may also be able to get a lower APR, a higher loan amount, and/or longer time to pay back your loan. As with all our personal loans, you get fixed, affordable payments and we report to national credit bureaus to help you build credit.

No. Compared to titles loans, our secured personal loans are capped at 36% APR, whereas a title loan can carry triple-digit APRs. Our secured personal loans are installment loans with fixed, affordable payments that have a 21-month minimum term, whereas title loan is a short-term loan repaid in one or two payments. Because they are paid back over months instead of weeks, Oportun secured loans have a lower minimum payment so they are easier to pay back than standard title loans.

A secured personal loan is an installment loan that is secured by collateral. At Oportun, you can use your car title as collateral for a secured personal loan. Your car stays with you, and you can continue driving as usual while you make your loan payments.

Our personal loan application process is quick and easy. The process usually only takes around 10 minutes to complete once you’ve gathered the required documents.

To apply for a personal loan, you’ll need to provide the following documents:

  • Government-issued ID (from most countries)
  • Proof of address, such as gas and electricity bills
  • Proof of income, such as paystubs or W-2s
  • Contact information for your employer
  • A list of your recurring monthly debt payments

After you submit your application and these documents, we’ll typically let you know if you’re approved for a personal loan in a matter of minutes.

You may be able apply for a personal loan through Oportun with a cosigner in certain situations. We’ll let you know when you apply if you’re eligible.

A cosigner is someone who adds their name to your personal loan application. This is typically a close friend or family member. You’ll want to choose a cosigner who has a high credit score. Your cosigner’s credit history can strengthen your personal loan application and increase your chances of getting approved.

It’s important to understand that your cosigner can be held responsible for your personal loan payments if you don’t make them on time. Their credit score will also be impacted by the credit activity on your personal loan account. For these reasons, it’s important to make your personal loan payments on time.

Getting prequalified won’t impact your credit score. A prequalification only requires a soft inquiry of your credit report. Soft inquiries allow lenders to see some information from your credit report without impacting your credit score.

If you choose to submit a formal application, a hard credit inquiry will be conducted. Hard inquiries can impact your credit score.

When you take out a personal loan, you often have to pay some fees. Your personal loan’s annual percentage rate (APR) includes the cost of these fees and the interest.

You may be charged an origination fee to cover the costs of preparing your loan agreement. If you’re charged these fees, they’ll be calculated in your personal loan’s APR.

You may also be charged fees for late payments or returned payments. Late payments may be reported to the national credit bureaus and reduce your credit score. That’s why it’s important to make your personal loan payments on time.

You’re more than just your credit score. That’s why your credit history is just one of many factors used to assess your eligibility. Many other factors are considered when reviewing your loan application, including your:

  • Annual income
  • Monthly debt
  • Ability to pay
  • Employment history
  • (for secured personal loans)
  • Credit history and credit score

Even if you’ve gone through bankruptcy in the past, you may still be able to get approved for a loan.

We know that your time is valuable. That’s why we’re committed to providing you with fast service. Whether you want to prequalify or formally apply for a personal loan, the application process is quick and easy.

  1. Getting prequalified

You can find out if you prequalify for a personal loan in minutes. All you need to do is provide some basic information about your financial background.

Once you submit your prequalification application, we’ll let you know if you meet the basic eligibility requirements. If you meet the requirements, we’ll let you know what types of personal loan terms are available to you.

Note: Getting prequalified will not impact your credit score.

  1. Formally applying for a personal loan

If you’re ready to fill out a personal loan application, you’ll be happy to learn that the formal application only takes around 10 minutes to complete. To help make the process faster, be sure to have the required documents.

Here’s what you’ll need to apply for a personal loan:

  • Government-issued ID (from most countries)
  • Proof of address, such as gas and electricity bills
  • Proof of income, such as paystubs or W-2s
  • Contact information for your employer
  • A list of your recurring monthly debt payments

After you submit your personal loan application, we’ll let you know if you’re approved—typically in a matter of minutes.

  • Original vehicle title
  • Vehicle registration (original or copy, must be registered in AZ, CA, FL, NJ or TX)
  • Driver’s license (US issued or international)
  • Proof of income
  • Proof of address
  • Pictures of your car (front, back driver side, passenger side, VIN, and odometer)
  • Bank account and routing number for instant verification

Our goal is to set you up for financial success with affordable personal loan payments. Your personal loan payments will depend on your:

  1. Loan amount

The more money you borrow, the larger your payments may be. Smaller personal loans usually come with smaller payments.

  1. Loan term

Longer loan terms allow you to spread your loan payments over a longer span of time. As a result, longer loan terms usually result in lower payments.

Shorter loan terms may increase your payment amount, but they can also reduce the overall amount of interest you pay on your personal loan.

  1. Interest rate

Your interest rate is factored into your personal loan payments.

We understand that some months may be more financially challenging than others. When unexpected costs arise, you may struggle to make your personal loan payment.

If you’re in this situation, please let us know right away. Call us at 888-907-0129 , and we’ll try to work through a solution with you.

If you miss your payment, we’ll have to report your missed or partial payment to the nationwide credit bureaus. Since payment history is the most significant factor in the FICO® credit scoring model, even one missed payment can hurt your credit score.

If you want to let someone else make a payment on your personal loan, you can. Keep in mind that privacy laws limit how much information we can share about your personal loan with them.

You’ll want to share your payment details with this person ahead of time. To complete your personal loan payment on your behalf, this trusted individual will need to know the following information:

  • The name associated with your personal loan
  • The telephone number associated with your personal loan
  • Your payment amount

Instead of having someone else make your personal loan payments for you, you may want to consider setting up automatic payments. You can enroll in auto pay from your online account, at an Oportun location, or over the phone at 866-488-6090. Once you’re enrolled in auto pay, your personal loan payments will be made automatically.

To pay your personal loan by check, simply drop off your check at one of our locations or mail it in. Make sure to include your loan number on the check memo line. Please do not mail any cash along with your check.

You can mail your check to the following address:

Oportun
PO Box 2063
Menlo Park, CA 94026

We offer a number of ways to make your personal loan payments in person. Plus, we’re always adding new payment locations to make it even more convenient.

  1. Visit an Oportun location near you

You can make your personal loan payments at an Oportun location if there is one near you. (You can find locations here.) We accept cash, checks, and money orders.

Before you stop by with cash, be sure you have the exact amount for your payment. We aren’t able to make change at this time. If you pay a larger amount than what you owe, we’ll credit the excess to your account.

  1. Go to an approved payment location near you

You may also make your personal loan payment at a local Walmart, Kmart, CVS, 7-Eleven, grocery store, corner store, or Family Dollar store.

Many of these stores have the following payment stations on site:

CheckFreePay

CheckFreePay payment stations don’t charge any fees. To pay your personal loan at a CheckFreePay location, you’ll need your loan number. You can find this number in your loan documents. You’ll also need to provide your name and phone number associated with your loan.

MoneyGram

MoneyGram payment stations don’t charge any fees. To pay your personal loan at one of these locations, you’ll need your loan number.

If you’re making payments on a personal loan, use receive code 7991. If you’re making payments toward an auto loan, use receive code 14565.

PayNearMe

If you make your personal loan payment at a PayNearMe payment station, you may have to pay a fee. We don’t take any portion of this fee. It all goes to PayNearMe. If your personal loan was disbursed in any of the following states, you might not have to pay a fee:

  • California
  • New Jersey
  • New Mexico
  • Wisconsin

After you find a PayNearMe payment location near you, you can pay with your PayNearMe barcode. You can find this barcode in your loan documents.

Note: Some of these payment options are limited for auto loan payments.

If you prefer to make your personal loan payment over the phone, call 866-488-6090 . We’d be happy to help you complete your payment.

Our phone payment process is quick and secure. You can make your personal loan payments with a savings account, checking account, or debit card. We’ll ask you to provide some information about your chosen payment method during the call.

We can also help you set up automatic payments at this time. Automatic payments are a helpful way to manage your personal loan payments.

There are two ways to make online personal loan payments.

  1. Pay through your online account

Whether you want to make a one-time payment or set up automatic recurring payments, you can do so directly from your online account.

After logging in to your account, fill in the information about your preferred payment method. If you want to pay with a checking account or savings account, you’ll need to provide the account number and routing number. You can also pay with your debit card.

  1. Pay through your bank’s bill pay system

If your bank offers an online bill pay system, you can use it to make your personal loan payments. We won’t charge you any fees for using your bank’s system.

Here at Oportun, the easiest way to make your personal loan payments is by enrolling in automatic payments. With auto pay, your personal loan will get paid on time automatically each month.

To set up auto pay, choose the payment method you want to use to make your personal loan payment. You can use a checking account, savings account, or debit card. If you use a checking account or savings account, you’ll need to provide the account number and routing number. You can find this information in your bank statement.

Once you have your payment information handy, you can enroll in auto pay in one of many ways:

  • From your online Oportun account
  • Over the phone by calling us at 866-488-6090
  • At an Oportun office near you

After auto pay is set up, all of your personal loan payments will be made automatically for the rest of your loan term. You won’t need to worry about late payments anymore. By ensuring all of your payments get made on time, auto pay can help you maintain your credit score.

Credit scores try to estimate the likelihood that a borrower will pay back debts on time. There are many types of credit scores developed by different companies, but the FICO® score, developed by Fair Isaac Corporation, is one of the most commonly referenced credit scores.

According to Fair Isaac Corporation , your FICO® credit score is a number between 300 and 850, and is calculated by a formula that takes into account the following factors:

  • Payment history (35%)
  • Amount owed (30%)
  • Length of credit history (15%)
  • Credit mix (10%)
  • New credit (10%)

Secured personal loans

The vehicle must meet our standards, including:

  • 25 model years (1995) or newer with fewer than 250,000 miles
  • Eligible vehicle makesAcura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, Genesis, GMC, Honda, Hyundai, Infiniti, Jaguar, Jeep, Kia, Land Rover, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Ram, Scion, Subaru, Toyota, Volkswagen, Volvo
  • Ineligible vehicle makes: Exotic models, alternative fuel vehicles, electric models, leased vehicles, vehicles registered outside your state of residence, heavy-duty trucks greater than F350/3500 (12K GVW), cargo or conversion vans, commercial or “for hire” vehicles, salvage or branded title vehicles, flood or frame damaged vehicles, and vehicles with replaced or modified odometers

Yes, you need to be the only listed owner of the car.

Yes, you must own your car. You can’t have any remaining payments on a car loan, and the title must be free and clear with no lien on it.

We understand that unexpected things happen. Please let us know right away if you think you won’t be able to make a payment. Call us at 855-754-5491 and we’ll try to work something out. If your loan remains delinquent without any payment arrangements, you could lose your car.

Once you’re approved, your vehicle meets our requirements, and we have all necessary documentation, we can disburse the loan in as little as 24 hours.

The biggest difference is that our secured personal loans require you to secure your loan with your car title, while our standard personal loans do not. It’s usually easier to get approved for a loan this way. You may also be able to get a lower APR, a higher loan amount, and/or longer time to pay back your loan. As with all our personal loans, you get fixed, affordable payments and we report to national credit bureaus to help you build credit.

No. Compared to titles loans, our secured personal loans are capped at 36% APR, whereas a title loan can carry triple-digit APRs. Our secured personal loans are installment loans with fixed, affordable payments that have a 21-month minimum term, whereas title loan is a short-term loan repaid in one or two payments. Because they are paid back over months instead of weeks, Oportun secured loans have a lower minimum payment so they are easier to pay back than standard title loans.

A secured personal loan is an installment loan that is secured by collateral. At Oportun, you can use your car title as collateral for a secured personal loan. Your car stays with you, and you can continue driving as usual while you make your loan payments.

  • Original vehicle title
  • Vehicle registration (original or copy, must be registered in AZ, CA, FL, NJ or TX)
  • Driver’s license (US issued or international)
  • Proof of income
  • Proof of address
  • Pictures of your car (front, back driver side, passenger side, VIN, and odometer)
  • Bank account and routing number for instant verification

Ready to build a better future? Apply now.

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