Monday, October 7, 2019

6 Reasons to Choose an Installment Loan

6 Reasons to Choose an Installment Loan


When it comes to loans, you have a few options: payday loans, installment loans, cash advances, pawn or auto title loans, and traditional bank loans. Which works best for you? Some of these are rarely a good idea for anyone, while others may work better for some. One of the commonly over looked types of payday loans is the installment loan. Here are some reasons we think more people should try it:

1. An installment loan brings quick cash when you really need it.

One of the best reasons to turn to this kind of loan is that it will get you cash quickly. Unlike a more traditional loan, you can get the money from an installment loan in less than 24 hours. Most people applying get approved in minutes and get cash in their hands by the next morning.

2. No need to risk your car or be embarrassed with an installment loan.

It’s true that there are some ways to get cash more quickly, even instantly, but they have serious drawbacks. For instance, if you want to borrow money from family or friends, they can probably fork over some cash but it’s embarrassing to have to ask. And if you turn to a pawn shop or a title loan you risk losing something important to you. Installment loans are low-risk and are all business, not personal.

3. Get approved for these payday loans, even with bad credit.

Online installment loans are really a subset of payday loans, which means that approval is easy. The only requirements you need to meet are a regular payday and income of $1,000 or more per month, legal residency, and a bank account. Most lenders won’t bother with a credit check, so these loans lead to more approvals.

4. Apply for an installment loan easily and at any time.

Instead of going to a bank or loan office during restrictive business hours, for an installment loan you can apply online. You can even apply through a free mobile app. All you need is a computer or mobile device and a few minutes. This means you can apply at a time that works for you, even if that means in the middle of the night.

5. Get security even with convenience and speed.

With the right lending service there is no reason to worry about security when seeking an installment loan online. Reputable services offer encryption, the ability to opt out of marketing opportunities, and policies that protect you, like deleting your information once the loan has gone through.

6. An installment loan helps you tackle money worries once and for all.


Most importantly, the right loan will help you solve money problems with a minimum of stress and hassle. With the right online installment loan you get the cash you need to cover the week’s expenses until your next paycheck comes. That kind of service is truly invaluable.