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What are Installment Loans for Bad Credit?
Are you in need of some extra funds? Do you want to secure a loan but are worried about your credit history? You may think of getting the funds, but your poor credit score stops you; then, try choosing installment loans for bad credit.
Installment loans for bad credit are long-term loans that are made specifically for those who have bad or poor credit history. It is a loan term that helps secure funds in times of unexpected emergencies or having funds for a longer period of time.
Guaranteed Online Installment Loans with No Credit Check
Many lenders in the market can fund you with installment loans, but there are chances that you either have to pay a higher interest rate or give collateral. A collateral is a valuable asset under your ownership but stays with the lender as a security, so when you cannot pay back the loan, the lender will take over that collateral, and you’ll lose the ownership.
Or if you are a first-time borrower, lenders will not want to fund you because you don’t have a credit score. In any case, direct lenders like us give you the privilege to have funds without the need for a credit check. A credit check provides an overview of your credit report and repayment history to determine whether the borrower can be trusted with a loan.
With us, you won’t need to worry about anything. We provide loans without credit checks, and we never ask for collateral. Excellent, good, bad, or poor credit score doesn’t matter to us as we understand the pain of not getting a loan on time. As long as you’re financially stable and can repay on time, we are happy to fund you.
When urgent expenses knock at your door, be assured that we offer guaranteed loans. A simple application form with the necessary details, and you’ll get guaranteed approval online.
Why get Guaranteed Online Installment Loans for Bad Credit?
Bad credit can become a burden when getting a loan from online lenders. Whereas our loans are guaranteed and available for bad credit borrowers. Apart from this, they serve many benefits such as,
- No Long Queues: Our loans are available online, so no more waiting in long queues. You can fill out the online application, which takes no more than a few minutes, and submit it online.
- No Paperwork and No Faxing: Many lenders ask for paperwork or faxing, which takes a good amount of time, but we don’t ask for any of it. This reduces the loan approval time and makes it easier to get money in less time.
- Quick Application: With no long queue and a paperless application, it will take you very little time to complete the application. Apply conveniently from anywhere without visiting any physical store.
- Immediate Approval: No collateral and no credit check is our policy. We know that you need money urgently, and if you have bad credit, you’re already not in a good position to give collateral. A stable income and your income statements are what we consider when reviewing your application, so as long as you have all the eligibility to get a loan from us. We will give you immediate approval.
- Direct Transfer: We’ll ask for an active checking account under your name while submitting your application. This is where the funds will be transferred after the loan approval process. We give you no stress as all the money will reach your account directly without any hassle.
- Easy Payback: You don’t have to worry about paying back all at once. With our easy online installment loans, you can decide your loan terms and repay at your convenience. Distribute your finances and repay the loan easily.
Guaranteed Installment Loans from Direct Lenders. Is this possible?
Yes, it is possible to get guaranteed installment loans from direct lenders. PaydayLoanTeller is a direct lender. We give bad credit installment loans with guaranteed approval to borrowers with poor credit histories.
If you need an installment loan, you can secure funds for 3, 6, 9, or 12 months with our easy loan options. Make PaydayLoanTeller’s online installment loans your preferred choice, as they come with easy eligibility requirements, flexible repayment options, and more.