Guaranteed Installment Loans

The consumerism culture is out to wipe out the average man and leave the likes of Elon Musk on earth. You deserve a financial fairy godmother because money is never enough. Times are incredibly hard so much that the economy is unforgiving at a small budget. No one blames you for falling into those numerous credits. Everything is happening at a fast pace during these times and reduced money circulation isn’t helping either. Phew! You need financial assistance! You know you need it desperately and quick, or else you might run into some psychological breakdown. The problem on your table isn’t getting the loan but finding one that is quick, not much bureaucracy and that would also give you a suitable timing to get your loans cleared. 

To these questions, we have the answers! Not only can you find suitable installment loans that value your convenience but also ones that are quick, void of paper works, reports or documents and are found to be efficient and quite helpful.

WHAT ARE INSTALLMENT LOANS? 

Installments loans are flexible outlets from cooperation that allow installment repayment of approved loans at certain times. They are not the one-time pay up deal with a big massive return on the loans. Instead, there is an agreed fixed schedule provided at the advantage of the borrower. The cooperation can either be personal or a commercial outlet set up for the very aim. Some attributes of Installment cash assistance:

  • They work with fixed schedules.

These schedules are provided by the lender and the borrower is free to choose from a range of options (timing) that will be comfortable.

  • They are accorded various fixed rates of interest. 
  • These installment paybacks are a summation of the principal borrowed, along with the rate of interest placed on it. 
  • The installment pay is constant throughout the repayment. 

There are various reasons for these loans. There isn’t a broad definition to fit all the reasons why humans keep running into debts but here are the major reasons why these companies such as a mortgage, auto loans and student loans are set up. Such financial help is significant to the existence of an evolving society. Out of these options, the installment cash assistance can either be secured or not. 

  • Secured installments loans are identified with collaterals. Mortgage loans and vehicle loans are normally under these installment plans.  
  • Unsecured installments loans are attributed to trust transactions and given on creditworthiness accessed by a credit score. 

Installment plans make use of credit scores as prerequisites for borrowers. The credit score is based on the credit history of a borrower and it ranges from 300 to 850 from the measure of the FICO scoring system. A fair credit score ranges from 580. Credit scores below 600 are disadvantageous to the borrower as it attracts bigger rates to compensate for the risks.  

TOP CHOICES FOR INSTALLMENT LOANS

  1. CASHUSA.COM 

Cash USA is an online loan company with its headquarter situated in Las Vegas, United State. They are the top-rated for bad credit, loaning as far as $10,000. Their services are quick as the borrower is required to fill a prequalification form and when this is cleared, cash comes quickly. 

Loan Range: $500-$10000
Interest Rate:  5.99-35.99% (it varies)
Loan Tenure: 1-3 years
Payment method allowed: All types of credit card allowed
Deposit method:  Deposited in bank account 
Time to get approved: A day to few minutes
Legibility: 18 years and above

U.S citizen or permanent resident

Employed at least 90 days 

Meets income minimum specific requirement

 

  1. UPGRADE 

Upgrade has a 5.0-star recommendation from over four thousand users. Their credit scores provide a wide opportunity for U.S citizens with a wide loan range of $1,000-$50,000. The company is San-Francisco based and operates its services online with easy and credible accessible steps for loan services. Co-applicants are encouraged with the lower cheap rates.  The downside to Upgrade is the origination fees ranging from 2.9-8% on the loans received but it has a fair credit score of 560. These origination fees are deducted from the loan funds at first received but there are lenders who cut through the process of origination fees.  Upgrade loans are also limited as it isn’t used to fund investments or school loans. A quick tip: Upgrade is preferable for loans that are quick to pay off.  

Loan Range: $1000 – $50000
Interest Rate:  5.94% – 35.47%
Loan Tenure: 2-6 years 
Payment method allowed: All types of credit card allowed
Deposit method:  Deposited in bank account 
Time to get approved: A business day
Legibility: 18 years and above

U.S citizen or permanent resident

Employed at least 90 days 

Meets credit scores

Requires income verification documents 

 

  1. BILLS HAPPENS

This company loan is quite limited with the biggest range of $5,000 but with a flexible interest rate. The loans accessible through this medium are personal loans (i.e. medical bills, electricity) Borrowers with bad credit scores are encouraged to apply, and the community provides a lender that accommodates these scores. It is safe to say that any credit score is allowed. 

Loan Range: $500- $5000
Interest Rate:  No fixed rate
Loan Tenure: Varies 
Payment method allowed: All types of credit card allowed
Deposit method:  Deposited in bank account 
Time to get approved: Within a minute to 24 hours 
Legibility: 18 years and above

U.S citizen or permanent resident

Employed or self-employed 

Any credit score

SSN and Driver’s license 

 

  • UPSTART

Not to be confused with Upgrade, Upstart has a range similar to Upgrade. Unlike Upgrade though, it has no credit score for its loans. Upstart is quite favourable to newcomers to the loan market. However, it makes use of origination fees and has very limited payment options. 

Loan Range: $1000 – $50,000
Interest Rate:  5.42% – 35.99%
Loan Tenure: 3-5 years 
Payment method allowed: All types of credit card allowed
Deposit method:  Deposited in bank account 
Time to get approved: A business day
Legibility: 18 years and above

U.S citizen or permanent resident

Employed with an average income of $2000

 

  • PERSONAL LOANS

This platform provides a close range to Upgrade. You are allowed to request it from any of the fifty states in the USA. It isn’t selective on loan types and the uses but provides quick funding and approval. True to the name, it is meant to provide to the concerns of citizens throughout the states and scores nice reviews from customers. There is also no issue of bad credits. Hence, there is wide approval for most borrowers. 

Loan Range: $500- $35,000
Interest Rate:  5.99% – 3.97%
Loan Tenure: 3 months to  6 years  
Payment method allowed: All types of credit card allowed
Deposit method:  Deposited in a bank account 
Time to get approved: 1-5 business day
Legibility: 18 years and above

U.S citizen or permanent resident

Employed or self-employed 

 

FACTORS TO CONSIDER WHEN CHOOSING A LOAN

  • Duration:  

Although there are long payment ranges, it won’t be quite wise to choose extremely long payment duration. With longer duration comes longer interest rates and it’s quite unsettling when one realizes they are paying an overcompensated sum for the approved loans. 

  • Income: 

Be aware of an income base to support the period of repayment of the cash assistance. Questions such as, will my income afford these interests? Would there be ‘frequent’ emergencies that cut across the budgets? Although these corporations are sworn to secrecy and privacy, the cost would rather be too high for those who fall shorts of the payment requirements. 

Online lending services provide great fixtures for bad credits instead of traditional banks. More so, these online communities provide networks with lenders that are accommodating of bad credits and also bad credit scores.

 

Menu