What does OPPRTNTY FND mean on my credit report?

Learn about OPPRTNTY FND, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is OPPRTNTY FND?

OPPRTNTY FND is shorthand for Accion Opportunity Fund, with the company name being Accion Opportunity Fund Inc

In 2020, Accion Opportunity Fund US Network was formed when Accion USA Network and Opportunity Fund joined forces. Together, we fight for an inclusive and accessible financial system, so that small business owners of all backgrounds can thrive.

OPPRTNTY FND is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Accion Opportunity Fund.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Accion Opportunity Fund:

Address:

  • 111 W. St. John Street, Suite 800, San Jose, CA 95113

Website:

Email:

Phone:

Payments

Accion Opportunity Fund offers loans of up to $100K with terms of 12, 24, 36, or 60 months and no prepayment penalties. Interest rates as low as 5.99% are available, and customers also have access to educational resources, coaching, and support networks. You can apply for a loan online or call 1-866-458-3555 for assistance.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Accion Opportunity Fund offers loan amounts ranging from $5K to $100K with interest rates as low as 5.99%. They provide transparent terms of 12, 24, 36, or 60 months and no prepayment penalties. Additionally, they offer educational resources, coaching, and support networks. To qualify for loan forgiveness, you can apply for a loan with Accion Opportunity Fund. The loan amounts range from $5K to $100K with transparent terms of either 12, 24, 36, or 60 months and no prepayment penalties. Interest rates as low as 5.99% are offered and mentoring and support are provided beyond financing. Spanish and English support is available over the phone at 1-866-458-3555 from 8am – 8pm your time.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

you can apply for a loan from Accion Opportunity Fund either online, over the phone, or in person. Loans range from $5,000 to $100,000 with interest rates as low as 5.99% and terms of 12, 24, 36, or 60 months with no prepayment penalties. Additionally, they provide mentoring, support networks, and educational resources.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

OPPRTNTY FND SmartCredit Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove OPPRTNTY FND from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.