About our installment loans
Installment Loans allow you to schedule out payments. Bad credit and bankruptcies currently accepted. You can get the safe, secure and hassle free cash you need right now, so don’t wait – apply today.
Need cash fast? Installment loans online up to $5,000. A short, 3 minute application, and instant decision! Bad credit is OK; no faxing loans are available as well. Why stress and wait when you can apply now!
Installment loans for bad credit help ease the stress of paying off bills or an unexpected emergency by allowing you to pay it back one payday at a time. You can get the funds you need today.
- Loans up to $5,000.00
- Bad credit OK and no faxing required
- Apply in less than three minutes
- Apply online from the comfort of your home
- Direct deposit into your bank account
- Applications are always secure
Installment Loans for Bad Credit
Having bad credit prevents a person from many kinds of loans, but you’re ok applying for a bad credit installment loan. In most cases, bad credit or even no credit does not disqualify you when processing applications, although for larger, personal loans a credit check may be performed.
Applications for installment loans for bad credit for up to $5,000 can be decided instantly! You can have access to the funds quickly and easy.
Keep your budget in place with Online Installment Loans
Responsible lending is one of our primary concerns, so keeping your budget in mind when applying for online installment loans for any amount is important. Don’t borrow more than you can pay back responsibly, and if you can’t make your payment on time, most states allow for you to make installment payments. That’s one less thing to worry about, but try to keep your requested amount reasonable so that your finances aren’t strained.
Our installment loans are a short term solution to temporary budget problems, but are no substitute for long term financial planning and management.
Installment loans give you options
You can apply for an installment loan up to $5,000 through Personal Money Store. The application process is quick and easy, and you could get you approved for an online installment loan in as little as three minutes.
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APR: The equivalent annualized percentage rate for payday loans and other short-term installment loans ranges from 547.5% to 999.45%, based on the amount and the length of the loan. Larger loans with longer payback periods have lower interest rates. While this sounds large, one must consider that these loans are only meant to be for a very small time-frame, usually 2 weeks. Annualizing other fees in the same manner results in APR of 2336% for a returned check fee of $32 against a $100 check, a 965% fee against a $37 credit card late fee or over the limit fee, or a 1203% APR for a typical $46 reconnect fee by a utility company.
Financial Implications: Short term payday loans are meant to be just that: Short term. Typical fees range from $15 to $40 for every $100 borrowed up to $500.00. Fees per $100 begin dropping on loans larger than $500.00. Fees are typically less than what borrowers can expect to pay for bouncing a check, having a utility disconnected, or paying a credit card bill late.
Collection Practices: Collection practices will vary from State to State and Lender to Lender. Some common methods if a loan becomes delinquent include, attempts at collections internally, primarily through telephone, an attempt to work out a pay-off arrangement that takes into strong consideration the financial condition of the borrower, and other internal attempts. Often, after all attempts at internal collections have failed, the lending agency may send the loan to a third party collection agency in an attempt to recover the funds lent in good faith, or may take other action within their legal rights. Check with your lender and your State regulations to be informed of the collection practices used by your lender.
Credit Score Impacts: Short term, payday loan lenders may rely on a credit reporting agency, and is not limited to any of the three (3) major rating agencies – Equifax, Experian, or Transunion. Generally, the borrower doesn’t have to bear concern that their score may be affected by having the loan request determined by results from these agencies, however, such determination is solely in the discretion of the payday loan lender(s), which may result in the lender(s) submitting, among other things, the borrower’s request for the loan, or the subsequent payment(s) under the loan to any of these agencies. Short term lenders may also rely on their own scoring criteria, which is generally based on income and ability to repay, as well as the borrower’s payment history of any previous payday loans that have been made with the lender in question, or with other payday lenders.