A detailed side-by-side comparison to help you decide which bad-credit lender is right for you.
| Feature | Rise Credit | OppLoans (OppFi) |
|---|---|---|
| Loan amounts | $500 – $5,000 | $500 – $4,000 |
| APR range | 60% – 299% | 160% – 195% |
| Loan term | 4 – 36 months | 9 – 18 months |
| Funding speed | Next business day | Same or next day |
| Min. credit score | None stated (~500) | None stated (~580) |
| Reports to bureaus | Experian + TransUnion | All 3 bureaus |
| Prepayment penalty | ✓ None | ✓ None |
| Soft pull to check rate | ✓ Yes | ✗ No |
| 5-day guarantee | ✓ Yes | ✗ No |
| Free credit monitoring | ✓ Yes | ✗ No |
| States available | 30 states | 37+ states |
| BBB rating | A+ | A+ |
| Origination fee | Up to 5% (some states) | None |
Headline APR ranges don't tell the full story. To understand the real cost difference between Rise Credit and OppLoans, here is what a $2,500 loan would cost a borrower with similar credit at each lender, based on average advertised pricing as of June 2026:
| Loan Detail | Rise Credit | OppLoans | Difference |
|---|---|---|---|
| Loan amount | $2,500 | $2,500 | — |
| APR (typical mid-tier borrower) | ~199% | ~178% | OppLoans -21% |
| Term | 24 months | 18 months | Rise +6 months |
| Estimated monthly payment | ~$397 | ~$455 | Rise -$58/mo |
| Total interest paid | ~$7,028 | ~$5,690 | Rise +$1,338 |
| Total to repay | ~$9,528 | ~$8,190 | Rise +$1,338 |
The pattern is consistent across loan sizes. OppLoans charges less total interest because of its shorter maximum term and lower max APR. Rise Credit charges more in absolute dollars but offers a lower monthly payment — which can matter if your monthly cash flow is tight. Use the difference as a tradeoff: are you optimizing for total cost or for monthly affordability?
Neither company publishes formal credit score minimums, but our analysis of consumer-reported approvals across both lenders suggests the following approximate approval thresholds:
Beyond credit score, both lenders also weigh: verifiable employment, bank account history (typically 60+ days), monthly income (most approved borrowers report $2,000+/month), and existing debt service ratio. If you've had a recent overdraft, NSF fee, or payday loan in collections, your odds drop at both lenders.
This is one of the clearest differentiators. OppLoans operates in roughly 37 US states, while Rise Credit operates in approximately 30. The states where OppLoans is available but Rise is not include: Arkansas, Hawaii, Indiana (note: regulatory status changes occasionally), and several smaller markets. Both lenders are excluded from California, New York, Colorado, Illinois, Massachusetts, and Pennsylvania due to state APR caps.
For borrowers in Texas, Florida, Georgia, Tennessee, Ohio, Mississippi, and Missouri, both lenders are available — so you can pre-qualify at both and compare actual offered terms. See our full state availability guide for details.
Both lenders maintain active customer service operations. Public review aggregations suggest:
Likely winner: Rise Credit. Approval odds in the low 500s are meaningfully higher at Rise. The soft-pull pre-qualification means you can confirm an offer before committing. Funding typically arrives next business morning if approved before late afternoon.
Likely winner: OppLoans. All-three-bureau reporting means more credit-building benefit. APR will likely be lower than Rise's. The shorter maximum term also reduces total interest paid.
Likely winner: Rise Credit. Rise's 36-month maximum term spreads payments over a longer period. You'll pay more total interest, but the monthly cash-flow relief can be meaningful if your budget is tight. OppLoans only offers up to 18-month terms.
Only option: OppLoans. Rise Credit does not lend in Arkansas. OppLoans does. (For Colorado, California, New York, Illinois, Massachusetts, and Pennsylvania residents, neither lender operates — you'll need credit-union options or cash-advance apps.)
Neither lender is "cheap" — both are subprime installment lenders charging APRs that would shock anyone used to prime credit cards or bank loans. They exist because banks and credit unions decline tens of millions of Americans with credit issues each year, and someone fills that gap.
Between the two, OppLoans is meaningfully cheaper for a typical mid-tier borrower (~580–620 credit) and reports to all three bureaus, which we weight heavily. Rise Credit wins on approval flexibility for borrowers below 580 and on monthly affordability through longer terms. Neither should be your first option — exhaust credit-union loans, employer advances, payment plans, and cash-advance apps before turning to either Rise or OppLoans. See our full alternatives guide for cheaper paths.
Common questions about this topic — tap any question to expand the answer
OppLoans is typically cheaper for a similar credit profile. OppLoans caps APR at 195% versus Rise's 299% maximum, and OppLoans' shorter loan terms (max 18 months vs Rise's 36) mean less total interest paid. A $2,500 loan at typical mid-tier rates would cost roughly $1,338 less at OppLoans than at Rise over the loan's life.
Yes. OppLoans reports payment history to all three major bureaus — Experian, TransUnion, and Equifax. Rise Credit only reports to Experian and TransUnion, not Equifax. If credit-building is a priority, OppLoans provides broader benefit.
Technically yes, but it is strongly discouraged. Carrying multiple high-APR installment loans simultaneously increases your debt-to-income ratio and signals financial distress, which can hurt your credit score and trigger declines on future applications. If you need to consolidate, pay off the higher-APR loan first.
No. Rise Credit is owned by Elevate Credit, Inc. OppLoans is the consumer brand of OppFi Inc. (NYSE: OPFI), a publicly traded specialty finance company. The two are direct competitors in the subprime installment lending space.