OppLoans Launches Line of Credit Personal Loan Product in Maryland

OppLoans extends its industry leading credit products to Maryland to better serve non-prime borrowers with better personal loans that include credit education discounts and flexible payment options.

Dec 15, 2015, 07:00 ET from OppLoans

CHICAGO, Dec. 15, 2015 /PRNewswire/ -- OppLoans (www.opploans.com) is pleased to announce that that they will begin lending operations in Maryland, a state where customers with less-than-perfect credit have long been under served. OppLoans will offer a Line of Credit product with a credit limit up to $10,000 for those who qualify.

"We are proud to add Maryland to our suite of online loan products that offer much more flexible payment terms than payday loans," said OppLoans CEO Jared Kaplan. "We already provide alternative access to credit and exceptional customer service in 15 states, and now customers in Maryland will have access to our services too. We pride ourselves on creating new financial opportunities for people who struggle with poor credit."

Recently cited as an industry leader by the Center for Financial Services Innovation (www.cfsinnovation.com), OppLoans serves customers who are often overlooked by the financial services market. With interest rates that are as much as 125% less than competitors, the company is dedicated to offering payment terms that support their customers and repayment. In return, OppLoans' customers rate their experience very highly, giving them 4.9 out of 5 stars on Google+, Facebook and Yelp.

"This product is going to give people in Maryland with less-than-perfect credit access to the financial tools they need to succeed," added Executive Chairman, Todd Schwartz. "We excel at facilitating a first-class customer experience, while providing customers with the tools to learn to use credit wisely."

Opportunity Financial LLC, doing business as OppLoans, is one of the highest-rated online lenders in the industry, providing personal loans with flexible payment options at lower than customary interest rates in this segment. OppLoans is licensed and able to lend in Alabama, California, Delaware, Idaho, Illinois, Kansas, Maryland, Missouri, New Mexico, South Carolina, Tennessee, Utah, Virginia and Wisconsin or arrange loans in Texas and Ohio.

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