What can you do when you find out your hours are getting drastically cut at work, or you are being forced to take a pay cut? Maybe you just moved into a new home and the utility bills are higher than you are used to. It seems there is always another reason that your paycheck doesn’t ever last as long as you would like. Quick installment loans can help out when you need extra cash and aren’t sure where to turn for it.
Why Installment Loans are Better
You may be a member of a local bank with a good payment history. But when it comes to getting a loan, every little detail of your financial past will be scrutinized. Poor financial decisions or problems paying past bills will have a negative effect on your credit history, in turn narrowing your chances of obtaining a bank loan. Even if you do qualify, you’ll deal with mountains of paperwork and usually have to wait at least 10 business days to receive the actual cash.
Quick installment loans are the complete opposite. For one, bad credit will not make a difference. Bank loans look at your credit score while an installment loan company does not. There isn’t a lot of paperwork to be done when it comes to monthly installment loans, as you complete one simple application and are done. Additionally, the loan will come through within a day or two, so you aren’t waiting for what seems like forever for your money.
How to Get Monthly Installment Loans You can apply online from any type of device when you need fast cash, whether it is a computer, tablet or smartphone. Apply day or night for a loan as unlike a traditional lending company, an installment company operates at all times! You’ll need to supply the following when applying online:
• Contact Information
• Social Security Number
• Checking Account Information
• Employment Verification
You’ll be asked to provide information regarding how much you are paid in order to get a loan. You’ll also use your checking account during the process, as this is how you will receive the cash. You can also use this same account to set up your monthly installment plan. Easy Installment Plans A monthly installment loan is much easier to repay than a typical payday loan. Instead of having to owe back the whole amount within a few weeks, you’ll be set up with an easy payment plan that breaks the loan amount down into easy installments. You won’t be forced to pay off the loan when you aren’t ready, making you immediately need another one. Instead, choose a loan plan that encourages you to get back on your feet while you stay out of debt.