Personal Installment Loans are a great lifesaver
Personal installment loans or paydayloans are a huge benefit for anyone who has experienced financial problems. Anyone who knows what it’s like to be caught in the middle of the month without cash needs to know about installment loans. Most of us live from one payday to the next. What happens when we run out of cash during the month, then have an emergency and have no one to turn to until our next paycheck? Who hasn’t experienced unforeseen financial emergencies like school fees, an unexpected medical bill or car repair just when we can least afford it? When this happens, the financial stress of being without money can be so crushing we just don’t know which way to turn or who to ask for help. That’s when personal loans can become a real lifesaver!
How Personal Installment Loans Work
Installment loans are small, short-term loans provided by lenders who charge a flat, one-time lending fee. The loans are typically around $100 – $1,000. Unlike paydayloans, whose length is short – usually until your next payday, or around 30 days – these loans offer more flexibility and can be paid off in payments over a longer period of time.
If you are looking for a quick cash solution to your financial problems or emergency, then this type of short-term loan could be just the answer you’re looking for.
Personal Loans are fast cash in your bank account
The great benefit of Installment Loans is that they offer cash, which means that whatever your financial crisis, you can have the money you need in your bank account typically within 24 hours of applying for the loan.
Another great benefit is that these short loans are quick and easy to obtain – and everything is done online. And the good news is you can qualify for these loans even if your credit rating is poor. These short term loans do not depend on your credit scores. In order to qualify, mostly all you need is employment and a bank account.
These loans are specifically designed for financial emergencies, and involve a simple, painless lending process. There’s no hassle of filling out dozens of forms or countless pages of paperwork. The whole loan application is done easily online – and takes just minutes!
How do you know whether you qualify for quick loans?
You would have an almost 100% chance of being approved for a personal loan if you meet the lending criteria below:
- You are employed by a reputable company and have a fixed monthly income
- You have been employed for at least the last 6 months
- You have an active checking account
- You are over 18
So the next time you’re in a cash crisis, remember there is a way out with Personal Loans.