1. Home
  2. /
  3. education
  4. /
  5. Does OppLoans Check Credit?...

Does OppLoans Check Credit? No Credit Check Loans

When it comes to borrowing money, credit checks have become a standard part of the lending process. 

However, not all lenders follow the same practices. OppLoans, a reputable online lender, offers a different approach. So, does OppLoans check credit?

In this article, we will explore OppLoans’ credit check process and explain why it stands out from traditional lenders.

If you’re in need of quick funding and want to understand how OppLoans can help without impacting your credit score, keep reading.

Does OppLoans Check Credit?

OppLoans does perform a credit check as part of its loan approval process. However, it’s crucial to note that OppLoans focuses on more than just your credit score. 

While many traditional lenders heavily rely on credit scores to make loan decisions, OppLoans takes a comprehensive approach, considering other factors to assess your financial situation.

Does OppLoans Check Credit? Credit Checks Details

Types of Credit Checks by OppLoans

OppLoans uses two types of credit checks when evaluating loan applications: a “soft” credit pull and a “hard” credit pull.

Soft Credit Pull

  • A soft credit pull is conducted during the pre-approval process.
  • It does not affect your credit score.
  • It provides OppLoans with a snapshot of your credit history and helps determine your eligibility.
  • Soft credit pulls are commonly used in the initial stages of the loan application to pre-approve borrowers.

Hard Credit Pull

  • A hard credit pull is performed when you formally apply for an OppLoans loan.
  • It may have a temporary impact on your credit score, typically resulting in a small decrease that lasts for a short time.
  • OppLoans uses hard credit pulls to ensure accuracy and make informed lending decisions.
  • Although a hard credit check is conducted, your credit history is not the sole factor determining loan approval.

Why OppLoans’ Credit Check Process is Different

OppLoans sets itself apart from traditional lenders in several ways when it comes to credit checks. Here are the key factors that make OppLoans’ process unique:

Holistic Approach to Evaluation

  • OppLoans takes a more comprehensive look at your financial situation, considering factors beyond just your credit score.
  • They understand that unexpected financial hardships can negatively impact credit scores, and they don’t want that to be the sole reason for loan denial.
  • OppLoans may review your income, employment history, and expenses to paint a more accurate picture of your ability to repay the loan.

Consideration of Financial Growth Potential

  • OppLoans believes in giving borrowers a second chance.
  • Even if your credit history is less than perfect, OppLoans acknowledges that financial situations can improve over time. They consider your potential for growth when evaluating loan applications.

Flexible Terms and Repayment Options

  • OppLoans offers flexible loan terms and repayment options to help borrowers manage their finances effectively.
  • They provide transparent information on loan terms, repayment schedules, and interest rates upfront so that borrowers can make informed decisions.
  • This flexibility can be especially helpful for individuals who may have struggled with credit in the past and are looking for a fresh start.

credit score

Frequently Asked Questions

What credit score do I need to qualify for an OppLoans loan?

To qualify for an OppLoans loan, there is no specific minimum credit score requirement. While they do consider credit history, they focus on other factors to assess loan eligibility.

Will a credit check hurt my credit score?

A soft credit pull, which OppLoans uses during the pre-approval process, does not impact your credit score. However, a hard credit pull may have a temporary and minor effect on your score.

How long does the credit check process take?

OppLoans strives to make the loan process as fast and efficient as possible. The credit check process typically takes a few minutes to complete.

Can I get an OppLoans loan with bad credit?

OppLoans understands that not everyone has perfect credit. They consider various factors, including financial growth potential, when assessing loan applications. Having bad credit does not automatically disqualify you from obtaining an OppLoans loan.

Pro Tips for Improving Your Credit Score

While OppLoans offers lending options without focusing solely on credit scores, it’s essential to actively work on improving your credit. Follow these pro tips to enhance your credit score:

  • Pay Bills on Time:
      • One of the most important factors in building a good credit history is consistently paying your bills on time.
      • Set up automatic payments or reminders to ensure timely payments.
  • Reduce Credit Utilization:
      • Keep your credit card balances low to avoid high credit utilization ratios.
      • Pay off outstanding balances and avoid maxing out your credit cards.
  • Monitor Your Credit Report:
      • Regularly review your credit report for any errors or discrepancies.
      • Dispute any inaccuracies to prevent negative impacts on your credit score.
  • Consider Credit-Building Options:
      • Consider obtaining a secured credit card or a credit-builder loan to build your credit history.
      • Make small purchases and pay them off on time to demonstrate responsible credit management.
  • Seek Professional Help:
    • Consider reaching out to a reputable credit counseling agency if you’re struggling with debt or credit management.
    • A professional can offer guidance and help you create a plan to improve your credit score.


OppLoans stands apart from traditional lenders with its unique credit check process. By considering more than just your credit score and taking a holistic approach to evaluating loan applications, OppLoans provides a second chance to borrowers who may have experienced financial setbacks. 

So, if you’re looking for quick funding without the worry of a credit check negatively impacting your score, OppLoans may be the right choice for you. Apply online today and get the financial assistance you need.

Remember, actively working on improving your credit could help open up more lending options in the future. Whether through timely bill payments, reducing credit utilization, monitoring your credit report, or considering credit-building options, every step you take towards improving your credit score is a step towards a stronger financial future. 

Don’t let past setbacks define your financial journey – explore the possibilities with OppLoans and take control of your financial well-being.