What is a bad credit installment loan?
A bad credit installment loan is a type of loan that’s specifically designed for people with bad credit or no credit, and is paid back to the loan agency in installment payments.
Information required for a bad credit installment loan
To apply for a bad credit installment loan, you will need to provide the following information:
- Age. Must be 18 years of age to apply.
- Must be a legal U.S. citizen.
- Must provide current address.
- Verify identity with social security number.
- Employed for at least the past three months.
Loan agencies require this information because it is government law and/or simply because it is a way for the loan agency to protect its own interest.
Why do I need a bad credit installment loan?
It can be the financial solution to your short term problem. Whether it is a car payment, home bill or temporary crisis that needs to be solved with cash now, a bad credit loan can provide the immediate help you need.
Can I apply for a bad credit installment loan on no credit?
Yes, it will be processed in the same category as a bad credit loan, since there is typically no credit history to be evaluated.
How long does it take to get a bad credit installment loan?
The bad credit installment loan application takes an average 2.5 minutes to complete. You should know within seconds of submitting your form if you have been approved for a bad credit loan. In fact, upon submitting your application, a message should pop up on your computer screen to inform you of your status.
Where can I get a bad credit installment loan?
A bad credit installment loan can be applied for on this page, right below this article. Make sure you submit valid information, so that your application is processed and money is sent to you as quickly as possible.