Oportun

Oportun is a mission-driven fintech company that provides affordable personal loans and savings tools to people with little or no credit history. Using AI, Oportun scores applicants based on alternative data, helping underserved populations get access to capital without predatory rates.

Oportun acquired the savings app "Digit," allowing it to offer automated savings features. It helps users save money effortlessly for goals. It is a legitimate, certified Community Development Financial Institution (CDFI) that helps users build credit scores.

Frequently Asked Questions

1. specific savings feature?

Yes, Oportun (formerly Digit) analyzes your spending habits and automatically moves small, safe amounts of money from your checking account to your Oportun savings balance. This helps you save without thinking about it.

2. Can I get a loan with no credit?

Yes, Oportun specializes in helping people with no credit score or "thin" files. They look at income and other factors to approve loans, and they report payments to credit bureaus to help you build credit history.

3. specific fees?

Personal loans may have origination fees. The automated savings feature typically has a monthly subscription fee (around $5) after a free trial period.

4. Is it a bank?

Oportun is a financial services company, not a bank. However, the savings accounts are held by partner banks which are Member FDIC, ensuring your deposits are insured.

5. Is it safe?

Yes, Oportun is a public company (NASDAQ: OPRT) that uses bank-level security. They have helped customers save billions of dollars and build credit histories.