Installment Loans Take the Pressure Off of Short Term Borrowing

Installment Loans provide flexibility and reduce the worry of bills.

Payday loans are great when you need a very small amount of money, only what you can afford to repay with your next paycheck or two. So what do you do if you need more than that? Installment loans can provide a more flexible, extended payment schedule; this can give you the opportunity to access a larger loan amount than you might otherwise, or the ability to make smaller payments that will be easier on your monthly budget.

Unexpected Expenses Become Painless With Installment Loans

Whether it’s a surprisingly high utility bill, a household repair, or an unplanned trip to the doctor, nobody enjoys dealing with a crisis. Being able to at least remove the emotional stress of worrying about how to pay for it puts you ahead of the game and leaves more energy to put into fixing the problem itself. Installment loans can be a smart solution for those of us who are living paycheck to paycheck and need to budget carefully. Extending the payments out for two or three months instead of repaying in full on your next paycheck can make a huge difference, allowing you to make the payments easily, without having to rearrange other payments or cut back on other expenses.

Installment Loans Skip the Red Tape

You might expect that a loan that’s so much easier on your budget would be more difficult to get – but you’d be mistaken! Although not all of the direct lenders offer installment loans, the ones who do use the exact same standards and requirements as for shorter-term payday loan approval. As long as you’re a US citizen, at least 18 years old, and have a bank account – and a steady job earning at least the minimum amount required – your chances of approval are excellent.
Even if your credit score has prevented you from being approved for other loans, your odds are as good as anyone else’s when you apply for an installment loan from these direct lenders. Instead of relying on traditional metrics when determining approval, a variety of factors are taken into consideration – but none of them are the standard credit report from one of the “big three” reporting bureaus. As long as your income is sufficient and you do not have a history of defaulting on short-term or payday loans, there’s no reason not to apply when you’re in need of fast financial assistance.

Installment Loans Are the Quick and Simple Solution

Everything about the loan process is easy and fast – because isn’t that what you want when you’re in a financial crisis? From the online application that allows you to request a loan at any hour of the day or night to the quick approval system, there’s nothing about the experience that isn’t faster and easier than you expect. First you’ll pull up the application on the secure website, and see that there are far fewer questions than you probably anticipated. The questions take only a few minutes, and approval takes even less! Your installment loan will be funded directly into your bank account by direct deposit, so you don’t even have a delay waiting for the check to clear!

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