Installment Loans Direct Lenders

The market for installment loans provided by direct lenders has grown substantially after 2009. This is largely due to the aftermath of the 2008 US housing bubble forcing the banks to significantly decrease their lending movements. In response to that, all types of borrowers whose access to intermediate lending was cut turned to the services of installment loans direct lenders. Since then the market for direct lending is expanding with great momentum.

Apply online for Installment Loans Direct Lenders
Request online for Installment Loans Direct Lenders

This process is now facilitated even more by digitalization, which in itself provides more and more people with the ability to apply online for installment loans by direct creditors. So, what exactly is the mechanism behind the process, and what are the factors we should consider before reaching out for such a loan?

Installment loan direct lender: definition

To put it simply, the financial system offers two options to those in need of financial assistance: indirect lending and direct lending. In the former case, the creditor issues a loan to the debtor through a financial intermediary. That intermediary could be a commercial bank, an investment bank, a brokerage house or a private-equity company. In direct lending, on the other hand, there is absolutely no intermediary between the lender and the borrower. This means that, instead of having to go through the exuberating process of communicating with intermediaries, the debtor has a much quicker way of passing and receiving information.

Installment loan direct lender: definition
Installment loan direct lender: definition

Secondly, and even more important for a lot of people, when you work with an installment loan direct lender, you have the benefit of knowing who exactly is the person or legal entity that is giving you the credit. When dealing with an intermediary in indirect lending, you cannot be fully sure of who is offering you the loan and correspondingly, you would be incapable of carrying out proper research even if you wanted to.

The faster communication, faster application process and the fact that when using direct lending you automatically save from the fees that intermediaries inevitably charge, installment loans direct lenders become an immensely attractive borrowing option for those with not so good credit history. As with every type of financial option that looks immensely attractive at first glance, there are a few catches that you should be aware of.

What you should know about installment loan direct lenders

First of all, no matter whether you use the services of a loan matching company or a direct lender, installment loans are costly and sometimes the expenses can exceed your initial expectation. There is a lot of negative backlash with regards to payday loans about their risky nature. However, there is a lot of discussion that installment loans is a solid and safe borrowing alternative.

Despite the fact that most installment loans direct lenders advertise their service as a one-time solution to a temporary financial predicament, the actual situation is a little bit different. Very much like payday loans, installment loans are marketed mainly to consumers who are experiencing money problems, or have a bad credit history. And there is a significant number of lenders who willingly exploit the weaknesses of that particular client base by pushing them into renewing their loans over and over again, sometimes driving the APRs (annual percentage rates) on the loan by more than 200 percent over the principal. And if that is not enough of a showcase of how sneaky this type of lending can be, ProPublica takes special notice of another deceptive practice of installment loans companies.

What you should know about installment loan direct lenders
What you should know about installment loan direct lenders

That is selling debtors unnecessary insurances which ultimately increase the loan’s APR. Reportedly, this happens because there are lenders who are conveniently forgetful in mentioning to the borrower that the offered insurance products are voluntary, and totally not a compulsory part of the loan package.

Therefore, a crucial thing to keep in mind when discussing payment terms with installment loans direct lenders is whether you will be servicing any fees on insurance products as part of your credit repayment. And because of the above mentioned high levels of interest rates charged on installment loans, another important preparatory step is to conduct proper research on as many direct lending companies as possible.

As they are not bound by any agreement with financial intermediaries, direct lenders have the freedom of setting whatever fees and rates they think are appropriate. As a result, there are many installment loan direct lending options that come at different prices. Good research is mandatory and that applies to both offline and online installment loans direct lenders.

Online Installment Loans Direct Lenders

The market for online installment loans provided by direct lenders is getting more popular. Although there are no lenders who can grant you instant approval or approval within minutes or hours for that matter, applying online can be a lot more convenient especially if you live in an area that lacks good direct lending companies.

Online Installment Loans Direct LendersOnline installment loans direct lenders generally don’t demand a lot of paperwork as an application prerequisite. However, there are a few things that you should be ready to present. A copy of your photo ID, bank statement and a piece of mail that has your name and address on it. And if you have bad credit, do not worry.

Many online installment loans direct lenders accept applications with lower credit score, so this is not something that should necessarily stop you from applying. And finally, one of the biggest advantages of online services is that most of them offer a section where users can post reviews. In that way, you have the absolute freedom of familiarizing yourself not only with what the direct lenders are selling to you, but with what the people who have already used their service think.          

 

Bad Credit Installment Loans

Installment loans have become part of everyday life over the last years. A couple of reasons justify their popularity. They are usually the first thing that comes mind when people have an urgent need for money or unexpected bills to pay. Bad credit usually may stand in your way if you try to resolve your financial complication through a conventional bank loan. Banks are not very inclined to take a chance on people with bad credit and they would rarely take the risk. This is where bad credit installment loans may be helpful.

What are the installment loans for bad credit?

Bad credit installment loans you repay by monthly installments
Bad credit installment loans you repay by monthly installments

Installment loans for bad credit or poor credit are short-term loans typically provided by financial companies and organizations (not banks). They are different from payday loans although sometimes the two could be easily confused. Bad credit installment loans are loans you repay by monthly installments, most often for a period of up to a few months or longer. If you follow your payment plan strictly, this could actually have a positive influence on your credit score.

Obtaining a bad credit installment loan is the easier way to get a fast loan. Your lender is a financial union or organization which would still consider you as a borrower regardless of your poor credit history.

A bad credit score is a red light for most banks and some financial institutions but there are ones specialized in lending money to people with bad credit. Of course, this comes with a price. Bad credit installment loans are costlier. Despite of the higher interest rates, they are often one of the few very limited financing options available to people with bad credit.

Companies for bad credit instalment loans usually require just the basic information from the borrower. Basic information such as personal, financial and employment information will help them assess whether the applicant is eligible for a loan or not.

What is bad credit?

What is bad credit?
What is bad credit?

But what is bad credit? Why is it so important to know where you stand?

Bad credit is:

  • Bad credit reflects the stage of risk you represent as a debtor (borrower) for current and potential lenders
  • It is a negative evaluation of your personal credit score based on several factors, such as your debt in total (credit cards, mortgages, long term loans, car loans, any debt you are in), your ability to meet payments on time, terms of delays in payment and etc.
  • Bad credit is usually a serious obstacle for you to access conventional forms of financing
  • Bad credit differs from no credit history – it means you already have a record of non-permeance or bad performance of liabilities
  • The lower your credit score is, the higher chance there is for you to be considered having bad credit

What are the risks when borrowing bad credit installment loans?

What are the risks?
What are the risks?

While you are struggling to improve your score, the need of money may appear suddenly. That bad credit may allow you only to turn to bad credit installment loan. But you should be careful because a bad loan decision could wreck your finances and bring your poor score even lower.

You should be cautious of how much you should repay – sometimes the sum may grow unpleasantly and you may end up paying a lot more than expected. Bad credit installment loans companies are in the habit of offering rescheduling of pay dates, re-negotiation of loan agreements, renewals and other options that do not release you from your debt. Accepting these options may not significantly harm your credit score at first, but it may harm your income largely.

If you exercise some financial discipline and fully repay your bad credit installment loan in a timely manner (the shorter term the better), you may qualify for better loan terms the next time you borrower from the same lender.

A few tips

A few tips
A few tips

In summary, bad credit should be a warning not only to your future creditors, but to you as well. You should carefully consider and explore options like bad credit installment loans. You should assess whether you could actually benefit from quick repayment.

The renewals and restructuring of any loan may lead to a vicious circle of repayments. Bad credit installment loans may help you for a while but it should not be a solution to your long-term financial issues.

If your shortfall is a temporary one, you could rely on obtaining bad credit installment loan and try your best to pay it off as quickly as possible.

Online Installment Loans with no Credit Check

Online installment loans with no credit check can provide a lifeline to your financial emergency
Online installment loans with no credit check can provide a lifeline to your financial emergency

When most people think of a loan, they assume that it is a direct loan from a bank or other conventional lending institution. Banks and other lending institutions reduced lending after the financial meltdown that affected the financial sector. However, it is still possible to get online installment loans. You will face a lengthy and demanding application process if you are looking for a regular loan from banks. Many borrowers with poor credit history are left with no option when they are facing financial emergencies and they cannot access funds from banks and other lending institutions.

However, you should not worry anymore because we will connect you to reputable lenders in our network who will evaluate your loan request and give you loan eligibility feedback quickly. Short-term relief from a tough financial position is what many people are looking for and with conventional loans, it may take a week for your application to be processed.

Online installment loans with no credit check can provide a lifeline to your financial emergency. It is important to understand that no financial institution will give you a loan without performing a check. The lenders in our network will perform a small check on the borrower to validate the information given and the ability of the borrower to repay the loan on time. When you submit your financial information, we will connect you to a lender who will then evaluate your information to determine if you qualify for a loan.

basic requirement is that the borrower should be at least 18 years old
basic requirement is that the borrower should be at least 18 years old

The basic requirement is that the borrower should be at least 18 years old, has a working a checking account and proof of recurrent income. We use state-of-the-art security software and program to protect your information. Your information is safe and secure with us because we understand the importance of maintaining your privacy and security. The loan request process has been simplified to reduce the time required by borrowers to access the loans.

You can fill out the loan request form and submit it. Once the request form is submitted, we will forward it to reputable lender who will then give you feedback. You need to have an active checking account because your lender will deposit the money into your checking account. Your loan request will be disbursed as soon as your lender verifies your information and ability to repay the loan.

Installment loans with soft or no credit check covers people with bad credit history. However, it is imperative to note that installment loans are repaid over a longer period unlike payday or cash advance loans. You do not have to wait for weeks to get your loan request approved by banks. So make use of lenders in our network. The installment loan should only be used to get your through a tough financial period and not as a long-term solution for financial problems.

Why Should I Take Out An Online Installment Loan with No Credit Check?

Information Safety and Security

Information safety & security
Information safety & security

One of the main concerns that borrowers have is the security of their information. By filling out a loan request form, we will use leading security programs to ensure that your information does not land in the wrong hands. You will be connected to lenders in our network and you will decide on the most suitable lender for yourself. You should look for a lender who will give you better loan terms.

 Consistency

In most cases, money is required to deal with emergencies. You will not have to wait for another week to obtain the loan. Online installment loans will be processed by your lender once they have verified your information and you will have the money in your account within the shortest time possible. To reduce time taken during loan request process, we have simplified the process and you should ensure that you provide all the relevant documentation for a quicker processing.

Fast

Fast
Fast

Conventional loan systems take weeks to process loan applications. This could jeopardize the situation if you want to use the money to deal with an emerging financial situation.  However, with online installment loan no credit check, once you have made the loan request, your lender will assess all your information and give you feedback within the shortest time possible. Once approved, the amount that you qualify for will be deposited into your account. Conventional loan systems require that you backup your loan with collateral. However, online installment loans with no credit check does not require any collateral.

Reliability and credibility are two essential aspects that borrowers look for in a lender. We will link you to lenders and you will choose a lender that gives you the right terms and conditions. Most borrowers fall into the trap of agreeing to terms and conditions without reading them carefully. You should ask the customer support team to explain the different aspects should you are not comfortable with certain terms. Your lender should give you all the information you need for your own evaluation. Full disclosure is highly valued in the financial sector.

Online installment loans with no credit check have a timely processing and you can familiarize yourself with the loan request process before you fill out your details. In addition, different states have a cap on the minimum and maximum amount that users can borrow. It is essential that you read your state laws and regulations regarding lending. Moreover, ask about rollovers, interest rates and other charges that the loan could attract during the repayment process.

Installment Loans for Bad Credit

Installment Loans for Bad Credit is easy to obtain
Installment Loans for Bad Credit is easy to obtain

We live in a world where many people face urgent financial need once in a while and without an emergency fund, you can be in a difficult situation. Installment loans for bad credit can be a viable solution for your emergency financial woes. An installment loan is a loan which the borrower will repay the amount borrowed after a certain period. Normally you repay the loan in two or three payments depending on the terms and conditions offered by the lender. Installment loan for people with bad credit is easy to obtain. All you need to do is fill out the request form and your lender will evaluate your credit worthiness before making a decision on your loan eligibility.

Installment loans are popular, especially among people with patchy credit history. When you are in need of quick cash boost to deal with a financial emergency, a bad credit installment loan will help you overcome the problem. You do not have to wait for a week or two for the loan to be processed. Installment loans for bad credit are disbursed as soon as your lender approves your loan request. Borrowing cash is a sensitive matter and people want a firm that can protect your their personal information. We use industry-leading technology to protect the information of our clients. We link you many lenders in our network who will then assess if you meet their lending criteria. It is important that you keep your eyes wide open when choosing your lender. With a vast network, you can request for a loan from the lenders and they will give you an update on what you expect.

What do I need to request an installment loan for bad credit?

If you have a less than stellar credit history, you should not fret. With installment loans for bad credit, you can access a loan to help you overcome challenging financial situations. Most banks and conventional lenders tend to stay away from people with poor credit score, however the lenders understand the borrower’s situation and if you qualify, you will get a loan. Regardless of your financial history, rest assured that we will connect you to the many lenders in our network who will help you get the loan.

online application process has been made simple & easy
online request process has been made simple & easy

The online request process has been made simple and easy for borrowers to request for loans without too much hassle. The process involves the borrower offering basic personal information, proof of employment and a valid national identification card. Once you have filled out the forms, we will forward them to lenders who will then assess the loan before giving you feedback as soon as it is approved or rejected. Once your loan is approved, the money is then deposited into your account and you can access it.

Installment loans for bad credit can be a good solution for borrowers who need money to deal with emerging issues. With the help of an installment loan, you can repay the loan over a period of time that you are comfortable with. It is imperative that you consult with your lender and ask as many questions as possible about the loan.

How much do installment loans for bad credit cost?

How much does it cost?
How much does it cost?

The cost of installment loan varies from one lender to another and from one state to another. You should take time to ask your lender about the terms and conditions of the loan before you sign the document. Installment loans are designed in such a way that the client can repay the loan in lump sum or in installments as agreed. Different states have laws and regulations governing lending. You should look at the laws in your state before you opt for a loan. Qualifying for an installment loan is easy as long as you have proof of recurrent income and valid identification documents. The minimum and maximum amount of loan that you can qualify for will depend on your needs as well as your ability to repay the loan.

When looking for a lender, it is imperative that you choose a reputable lender. As a borrower, you should look for a lender who can provide you with full disclosure as required by the state and easy to understand the details of the loan. Installment loans give the borrower a chance to access larger loans unlike payday loans. In addition, they have longer repayment period unlike payday loans which are due on your next payday.

You can decide on a shorter repayment period and pay large amounts or opt for a longer repayment period with smaller repayments. Installment loans are not available in all United States and if you are looking for a loan, you should check if your state allows for it.

Personal Installment Loans

Personal installments loans
Personal installments loans

Wondering how you can get a personal installment loans? There are many reasons why personal loans should be the right move for you. We connect you to many reputable lenders in out network who will evaluate your application and give you the loan if you qualify for one. Personal loans are emergency loans and they are meant to help you through to your next payday. Many American have fluctuating incomes and when the income is unsteady, any emergency could be disastrous for families. If you do not have an emergency fund, it can be quite challenging when an emergency situation happens. Personal installments loans can be a workable solution for you and it will act as a bridge to your next paycheck.

How Does It Work?

lender will perform soft credit check on borrower
lender will perform soft credit check on borrower

Lenders of personal installment loans do not consider the credit score of the borrower. It is integral to note that the lender will perform a soft credit check on the borrower to determine the accuracy of information as well as verify all basic details. It is easier for borrowers to obtain loans with lenders who will not discredit them for less stellar credit scores. Personal loans can range in terms of length and the amount. This is largely influenced by the creditworthiness of the borrower and his ability to repay the loan on time.

Personal installments loans are different from payday loans because they have longer repayment periods. If you want to apply for a personal installment loan, it is vital that you check your credit score. If your credit score is lower or non-existent, then non traditional lending could be a good option for you. Personal installment loan is a market that is growing rapidly and many borrowers are embracing this type of loan because they have poor credit scores. You can make a loan request on our the website and after filling out your request form, we will connect you to our network of lenders. The overall cost that is associated with a short-term loan is determined by your lender and the laws and regulation of the state you live in. it is imperative that you take your time to carefully review the loan offer. The most important information you need during this process is a valid national identity card, proof of recurrent income and a working checking account.

Is It Worth It?

Reviewing the loan is an important aspect because it will help you avoid unnecessary costs and charges that are associated with late penalties and extra charges. Short-term loans such as personal installment loans are associated with other types of credit and since the loan is intended to be repaid quickly, your lender will offer competitive rates. According to regulations, some states allow the borrower to have more than one loan, however others prohibit borrowers from taking out the loan. You should find out about the rules and regulations of your state.

How Do I Repay Personal Installment Loans?

How Do I Repay The Loan?
How Do I Repay The Loan?

The terms and conditions of the repaying the loan will be listed in your agreement with your lender. It is essential that your read the terms and condition and understand everything properly. The terms for installment loans vary from one lender to another and it will be based on your lender and the borrower’s financial situation. Installment loans are repaid in monthly installments. When looking for a lender, identify one who will give you flexible payment method that will not affect your lifestyle and finances. In essence, you can authorize the lender to withdraw an agreed monthly amount from your account on a monthly basis to cover for the loan if you do not want to make the payments yourself.

The paperless system helps to negate the possibility of late payment and in situations where you have trouble in repaying the loan, you can consult your lender. Your lender will use a legally available method to collect debt from the borrower if he fails to repay the loan on time. While they may sell the loan to debt collection agencies, most lenders will tend to stick to in-house collection methods. We use industry-leading software and programs to protect the information of the borrowers. Any information that you provide us is crucial and we will do our best to protect it.

waiting period for a loan application varies
waiting period for a loan application varies

The waiting period for a loan application varies from one lender to another. Once you have repaid your loan fully, you should inquire from your lender on your eligibility for the next loan. Some lenders will have a period for the borrower to reapply for another loan. It is vital that you do not use payday loans as a long-term solution to your financial problems. The personal installment loans should only be used as a bridge between your current emergency and the next paycheck. Moreover, the number of extensions a borrower can have depends on the lender, rules, and regulations on the state where you live. It is important to understand that any extension is associated with higher fees and interest. You should ask all the questions so that you know what to expect from the loan.