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Many people get bogged down with debt and the stress puts a lot strain on families. Installment loans are great because you get to pick the date your account is debited. They are also allow you to make payments in installments.
Installment Loans Reduce Financial Pressure
Today people are struggling to pay their bills. Life is becoming more and more stressful each day. Good news is that you know about installment loans. They are fast and easy to get. The spendable money can be deposited into your bank account sometimes in as little as two hours.
Apply for an Installment Loan Today
You feel a sense of relief when you check your bank account and see the deposit. You will be able to pay some bills or buy the necessary things to get by until you are able to pay the loan back. Make sure you negotiate favorable terms for your loan.
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We provide all the applicants with free information and advice on responsible ways to borrow. We always take your privacy seriously, that is why we only partner with secure websites that can process your loan application safely.
Online Installment Loans. Advantages
If you already know what an installment loan is, you may still want to read this, as we have some useful information. There are some real advantages over other types of short term loans, i.e. payday loans, cash advances, personal loans and unsecured short term loans.
Installment loans are unsecured loans
There are secured and unsecured loans. In most cases online installment loans fall under the category of unsecured short term loans. This means you do not have to provide collateral in order to obtain a loan. Many other types of loans are also unsecured. You have to read the fine print and make sure the lender is not asking you to pledge any kind of property or ownership in assets as collateral for the loan. Typically this is never a problem.
Installment loans do not require credit checks
Many people would not like to apply for an installment loan if they had to consent to a “hard inquiry” on their credit report. In case of installment loans there are usually no credit checks. This saves your credit score from dropping a few points every time you get a loan and allows you to borrow more frequently without any trouble you have to go through in case of traditional lending sources. When direct lenders do want a check for bad credit, they make sure to get your consent first.
Lenders accept bankruptcy
It does not matter if you have filed for bankruptcy when it comes to installment loans. Because there are no credit checks, lenders do not even ask if you have ever filed for bankruptcy. The lenders who do ask about it, are usually going to offer you something like credit repair or a similar service; they don’t typically accept bankruptcy as approval criteria.
Installment loans are fast
As installment loans are generally under $5,000, the risk to lenders is low enough and they routinely get you the money within the same business day. Some direct lenders give you the extra cash you need within two hours. That is really fast!
Installment loan applications use instant approval
When you apply, your application takes about 3 minutes to fill out. Once you are done with your application and click "submit", your application is usually processed within a minute or so. That is a full application and decision in under 5 minutes. That is almost instant!