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CreditNinja, Quick2Lend, & OppLoans: Are They Legit?

loan application form on tablet

When you’re looking for fast ways to borrow the money you need, you’ll encounter many different online options, from apps to websites. There are personal installment loan options and variations that specialize in buy now, pay later purchasing loans or flex loans that provide more options for funds and payments.

Is OppLoans legit? What about CreditNinja?

It can be hard to tell which options are legitimate. It helps to understand what installment loans are and how they work. We’ll go over a few of the most popular online installment loan options to help you make an informed decision.

Is OppLoans Legit?

Yes, OppLoans is a real lender. It’s rated and accredited by the Better Business Bureau. But before you choose this option as your lender, you need to weigh the pros and cons.

Pros of Using OppLoans

  • OppLoans specializes in loan options for those with bad credit. The company looks at your income and other debts you have to make a loan decision. It’s usually pretty easy to get a loan from OppLoans.
  • The company offers fast installment loans in more than half of the United States.

Cons of Using OppLoans

  • While OppLoans doesn’t require good credit, it does perform a soft credit check. If you’re looking for a loan with no credit check, a lender like Power Finance Texas could be a better option.
  • OppLoans requires a minimum monthly income of $1,500, so if your income is lower, you may need to consider other options.

Is CreditNinja a Real Thing?

CreditNinja is a real lending site. However, it provides limited information about its services and fees. Do a little extra digging to make sure you understand how it works.

Pros of Using CreditNinja

  • While CreditNinja does look at your credit score, it also works with those who have poor credit.
  • CreditNinja is usually very fast at making decisions on loans and getting the funds to the borrower.

Cons of Using CreditNinja

  • CreditNinja charges additional fees that can be large and nonrefundable.
  • A bad credit score can mean higher interest rates, increasing the amount you have to repay even further.

Is Quick2Lend Legit?

Quick2Lend is an established player in the online personal loan game. It’s a third-party lending site that tries to match you with a lender.

Pros of Using Quick2Lend

  • Since Quick2Lend works with a variety of lenders, there’s a higher chance of finding a loan that works for your needs.
  • You can get approved for a loan in minutes.

Cons of Using Quick2Lend

  • Quick2Lend looks at your credit score when you apply. It may not keep you from getting a loan, but a low credit score may mean you’ll have to pay more interest.
  • Be sure you take a closer look at any lenders that make you loan offers on this site. It’s always possible for bad eggs to show up.

How Can I Tell If an Online Loan Site Is Legit?

It may take an extra few minutes, but in the long run, it’s much safer to make sure the company you are considering is legit. Follow these tips to learn more about a lender.

  1. Check to see if the lender is registered to do business in your state.
  2. Verify the company’s contact information, address, and customer service options.
  3. Look for a professional-looking website. Avoid sites with little information, poor grammar, and misspellings.
  4. Keep your information safe. Make sure the site has a secure, encrypted application process. A URL starting with “https” is one indicator of a secure website.
  5. Find the terms and conditions and read them very carefully.

Choose Power Finance Texas for Your Small Loan Needs

Power Finance Texas offers quick, convenient installment loans for Texas residents. Apply today with our fast online application and no credit check!