Installment loans direct lenders only – fast and secure

Installment loans direct lenders only – fast and secure

 

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Are you looking for an installment loan, only for your bad credit score hindering your progress? You know well that traditional financial institutions are hesitant at giving individuals loans when they have bad scores, yet you may require the money. Enter direct lenders dealing with guaranteed installment loans – these may be a better solution for you in this case. Note to readers: We recommend that you do not rely on payday loans alone to get you out of financial ruts. You can explore other options, such as credit protection on your checking account. If you decide to go for the payday loan option, we are not direct lenders and neither are we responsible for the actions or decisions of lenders in general. Make sure to understand the terms of use between you and the lender through your contract.

 

Who is a direct lender?

instalment loans for bad creditThese online services are responsible for lending you the money that you require until your payday. That also means that they eliminate the need of going through many lenders when searching for short-term loans.

The direct lender instead takes over all parts of the lending process, beginning with the approval of the borrower until the loan funding and its repayment. This is different from some other lenders that involve other entities in the lending process. For example, you send your application to the lender, and then the lender sends your information for another company to verify. That means you get several calls and emails from several people in the process, and not all this results in the lender approving your loan request anyway.

 

Why choose direct lenders for installment loans?

easy installment loans for bad credit

If you are looking for a loan providing you with longer repayments, flexibility in payments, instant and fast approval with easier conditions compared to traditional financiers – no-credit-check installment loans from direct lenders only is a good idea.

The advantage here is there are no brokers involved in the process. You want to reduce the number of fees you pay as much as possible. Some advantages include:

  • Various loan amounts – state laws and your financial situation will regulate the amount that you can borrow. You can borrow more in installment loans than payday or short-term loans, and specific regulations differ. For instance, some lenders may require more details in the application process than others do.
  • Different terms of the loan – this depends on the state that you live in. However, keep in mind that the longer your repayment period (can last up to 24 months), the more you pay due to fees and interest rates.
  • Different charges and fees – this is also due to state laws. Some lenders will also charge you lower fees than others do.
  • Different times for processing applications – if you need the money instantly, you can choose lenders that will get the funds as soon as possible, as different lenders have different times.

 

Choosing a suitable direct lender for bad credit installment loans

Banks may come as possible lenders because they give you very good options available. However, the problem is the strict regulations for getting installment loans, and the reliance on traditional credit scores.

After you make the choice of getting a short-term loan, the next question is getting the provider of the service. The lenders can provide certain benefits when you choose to use their services, though the choice is yours as to the lender you choose to go with.

  • You do not require a stellar record of credit scores
  • 100% assurance of secure money transfer
  • The processing of the transaction is instant, especially if you are borrowing money on working days and in official working hours
  • You do not need collateral
  • It is more convenient than traditional borrowing
  • It remains a direct source of funds and maintains confidentiality
  • It is an instant way of solving emergencies

personal installment loans for bad credit

It is convenient as well since you do not need to submit extra fees for application processing, while the acceptance rate for loans is very high. The lender also does not need extra information from you regarding the loan.

User confidentiality is particularly important in taking installment loans without a bank account or credit check. One does the application online, and the decision for lending to the borrower is fast. There are also strict laws in place that protect the personal information of the borrower.

 

Things to remember when dealing with lenders

  • As much as possible, avoid the cycle of eternal debts. Maintain a sense of wisdom concerning your financial state, avoid the temptation of borrowing more than you can pay back immediately, and do not harbor false expectations about your income source.
  • Ensure that you check and verify the laws of your state regarding the issue of payday loans, since there may be restrictions on the amount of money that the law allows you to borrow.
  • Before you sign your contract with the lender, make sure you read and understand all the points. In case you do not understand something, consult with them. This is a way to protect yourself – you need all the information you can get about them for your sake.

 

Advantages and disadvantages of installment loans

Advantages

  • You can choose from multiple lenders
  • You have a longer repayment period
  • You can apply, regardless of your credit score
  • The rate of approval is higher than that of banks or credit unions

Disadvantages

  • The interest rates are higher, especially compared to other financial institutions
  • You need to do more long-term budgeting
  • There are higher chances of getting disreputable lenders

Conclusion

Direct lenders can be a good source of funds for installment loans, but like with all financiers of loans, you need to be careful when dealing with them.

i need a installment loan for bad credit

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5050 Quorum Drive Dallas, Texas 75254
18851 NE 29th Avenue Aventura, FL 33180

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