Is "OPPFINANC PAYMENT PPD ID: 1844450805" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "OPPFINANC PAYMENT PPD ID: 1844450805"?

OppLoans, established in 2009, is a financial technology company that provides personal lending services. The company offers installment loans, with an emphasis on serving consumers who have less-than-optimal credit scores. They provide loans that are typically used for a variety of personal expenses, such as medical bills, home repairs, or other emergencies. OppLoans operates predominantly online, enabling customers to apply for loans and manage their accounts through their digital platform. The company seeks to deliver a more accessible alternative to traditional payday loans and aims to offer clear terms and repayment plans.

**OPPFINANC**: The name or identifier of the company or entity initiating the transaction.

**PAYMENT**: Indicates that the transaction is a payment.

**PPD**: Prearranged Payment and Deposit, a standard entry class for direct deposit or automatic payments through the ACH (Automated Clearing House) network.

**ID: 1844450805**

Verify if this transaction is fraud in 30 seconds

Verify With Receipt

The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.

Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

STEP 1

Connect your Email

Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

STEP 2

Connect Your Bank

Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

STEP 3

Reconcile

Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.