direct lender

OppLoans

Online installment lender positioned as a payday-loan alternative.

BorrowerRisk7.2High concern

What it is

Online installment lender positioned as a payday-loan alternative.

Cost structure

High-cost installment lending

Main concerns and tradeoffs

Longer terms can produce very high total repayment; confirm the bank or lender named in the agreement.

Evidence and verification

Classification and concerns are based on the primary source below. Product terms, availability, and company practices can change.

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