We believe that all people should have opportunities for a better future
But those opportunities may be out of reach for the estimated 100 million people in the United States who have little or no credit history or whose credit scores do not properly reflect their credit worthiness. They can't access that key ingredient to moving up in life or weathering an emergency - the ability to borrow affordably - and are often left with expensive options that leave them worse off.
We’ve figured out how to make affordable loans to people, even those without credit history, by using technology and focusing on customer success.
Customers can connect with us in-person (yes, in-person) at 300 locations in 9 states, or by phone or online.
Our loans are affordable
Our loans are one-seventh the cost of payday loans on average* - with regular payments that work with our customers' budgets.
Our loans are designed for success
We approve customers who have an ability to pay back the loan and encourage them to pay on-time or even early.
Our loans help customers establish credit*
Our loans can help you establish your credit history with Experian and TransUnion, two of the major credit reporting agencies.
We've helped over 1 million customers access affordable credit
Customers have saved an average of approximately $1,000 in interest and fees on their first loan compared to what they would have spent on another option*
We commissioned the Center for Financial Services Innovation (CFSI), an authority on consumer financial health, to measure how much Oportun customers have saved in interest and fees by borrowing from Oportun compared to other widely available options to people with little or no credit.Read the Report
2 Circle Star Way
San Carlos, CA 94070
* Oportun: The True Cost of a Loan - Based on research commissioned by Oportun and conducted by the Center for Financial Services Innovation (CFSI), the total savings number equals the difference between the average cost of other widely-available alternative lending products that customers may have used and the average cost of an Oportun loan of the same amount, multiplied by Oportun first-time borrowers. CFSI analyzed the rates, fees, and terms for payday, pawn, auto-title, installment and rent-to-own products for customers in Arizona, California, Florida, Illinois, Nevada, New Mexico, Texas and Utah, and calculated the total cost of those products for common loan amounts. CFSI considered the loan repayment structure and timeframe for each product, borrower income, the potential for rollovers and refinancing, and legal parameters that prevent or constrain borrowing. Oportun updates the model quarterly to calculate the total amount that Oportun first-time borrowers have saved since 2006 in interest and fees compared to the alternative products. The actual savings for each customer will vary based on specific loan terms and alternative products available in your area.