OppLoans offers installment loans ranging from $500 to $4,000, catering to borrowers with bad credit and no minimum credit score requirement. They provide quick approval and funding, sometimes on the same day. OppLoans reports payments to the credit bureaus, which can help borrowers build or improve their credit scores with timely payments. There are no hidden fees, and the application process is straightforward and entirely online. However, the APR can be high compared to traditional loans, reflecting the increased risk associated with lending to individuals with poor credit. Their services are available in a limited number of states, which may restrict access for some borrowers. Additionally, they do not offer the option for co-signers, which might limit borrowing options for those seeking to improve loan terms. Borrowers should carefully review the terms and ensure they can meet the repayment schedule before accepting a loan from OppLoans to avoid potential financial difficulties.