How will my settled loan be reported to the credit bureaus?
When the agreed-upon amount has been satisfied, your account will be reported to the credit reporting agencies as settled for less than the full amount, which may impact your overall credit standing.
Please be aware that OppLoans is a data furnisher, meaning that we supply information to the credit bureaus. That information is then used by the bureaus in order to calculate a credit score based on their criteria. Every consumer has a different mix of credit history and accounts. Therefore, we encourage you to contact the credit bureaus, TransUnion, Equifax, and Experian, directly to discuss how the information in your credit report may impact your credit score.
LCR-4377
California Residents, view the California Disclosures and Privacy Policy for info on what we collect about you.
By clicking Continue, you will be taken to an external website that is not operated or managed by OppFi. Please be advised that you will no longer be subject to, or under the protection of, OppFi's privacy and security policies. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of OppFi. Further, OppFi is not responsible for and does not endorse, guarantee, or monitor content, availability, viewpoints, products, or services that are offered or expressed on external websites.