Everything Texas residents need to know about OppLoans bad credit loan terms, state-specific APR, and applicable consumer protection laws.
OppLoans is available to Texas residents through their bank-partner network. Approved borrowers can access personal installment loans up to $5,000 with APR in the 160% – 195% range, subject to your creditworthiness and state-specific underwriting.
Texas allows Credit Access Businesses (CABs) to broker loans without a state APR cap, which is why high-APR products like OppLoans operate freely. However, all lenders must be licensed with the Texas Office of Consumer Credit Commissioner (OCCC).
Verify any Texas lender's OCCC license before applying. OppLoans partners hold active licenses that can be checked at occc.texas.gov.
OppLoans serves borrowers across Texas, including residents of:
Before applying for a high-APR loan, Texas residents should check these lower-cost options first:
Texas' largest credit union with branches in San Antonio, Austin, and Corpus Christi. Personal loans starting at 8.99% APR to members.
TALP offers small-dollar emergency loans up to $1,500 to Texas residents through community action agencies.
CDFI serving Texas residents with credit-building loans and financial coaching. Loans from $500-$50,000.
A Houston resident faced a $850 summer electric bill after their air conditioner ran constantly during a heat wave. With a FICO score of 610 and monthly income of $2,800, they took a $1,000 OppLoans loan at 170% APR to cover the bill plus a repair deposit. Total repayment: approximately $1,650 over 12 months. Texas-specific alternatives worth checking first: (1) LITE-UP Texas program if income-qualifying, (2) CenterPoint Energy payment plans, (3) local United Way emergency utility assistance. The seasonal energy crisis pattern is unique to Texas summers — planning ahead with a credit union line of credit is often cheaper.
State regulator: Texas Office of Consumer Credit Commissioner (OCCC) regulates non-bank lenders. File complaints at occc.texas.gov or call 1-800-538-1579.
Before applying, we recommend: (1) checking your credit score for free through Credit Karma or your card issuer, (2) reviewing our OppLoans requirements guide to confirm you meet the eligibility criteria, and (3) using our loan calculator to see what your monthly payment would look like at Texas APR ranges.