What Are Installment Loans Direct Lenders?
Installment loans direct lenders directly offer loans to borrowers with no interference from third parties. As such, you will enjoy an easy loan application and loan approval process while getting installment loans. Also, a borrower gets a fixed loan amount that must be repaid in regular installments once agreeing with direct lenders. The regular repayment amount remains the same all through the loan period.
What Can I Do with Installment Loans from Direct Lenders?
Today people take out installment loans for different reasons. Some possible uses include.
Many borrowers opt for installment loans to cover home repairs and improvements to avoid depleting their savings or using high-interest credit cards.
You can get a lump sum of money from installment loans from direct lenders to settle medical bills.
Taking out an installment loan lets you pay for unexpected expenses and emergencies, such as urgent car repairs.
Installment loans can be used to consolidate existing debt into one single loan, so that you only have one, easy-to-manage monthly payment.
Is Dealing with Installment Loans Direct Lenders the Good Choice for Me?
One primary benefit of working with installment loan direct lenders is you’ll be confident knowing that your information is safe as the installment loan direct lenders will not share your information. But before applying, you need to make sure the direct lender you choose should be licensed and reliable. Besides, direct lenders strive to approve your installment loan and make it possible to make you get funds within the shortest time.
Am I Qualified to Request Installment Loans?
Taking out an installment loan with bad credit can be challenging but it’s not impossible. Fortunately, you can work with online direct lenders who will offer loans to borrowers with low credit scores. Even then, different lenders have different loan requirements.
Generally, to qualify for an installment loan, you must be 18 years or older, a permanent resident or US citizen, and have a regular source of income and social security number. Additionally, you’ll need an active bank account or a prepaid card account to complete your installment loan application. You should also reside in the state the installment loan is offered and provide an active email address and valid phone number.
How to Apply for Installment Loans from Direct Lenders?
US Installment Loans make applying for installment loans easy and fast. Borrowers must first complete an online application. And your request will be sent to a wide network of direct lenders we partner with. You’ll be notified whether your loan is approved or not after lenders process your application. If approved, the borrowed money will be deposited into your account either within the same day or the next working day. Also, confirm the repayment period and amount to ensure it's manageable.
How Much Do You Want?
What Are the Benefits of Getting Installment Loans from Direct Lenders?
Working with direct lenders for installment loans comes with many benefits which include:
- Simple loan application
The application process whether done physically or online is easy and could take you a few minutes. Since fewer documents are needed during the application process, it means you may have the funds on the same day.
- You talk directly to the lender
Dealing directly with the installment loan lenders means you will avoid misunderstandings as there are no third parties involved during the loan application process. As such, you’ll enjoy better communication with the lender.
- Competitive rates
With so many online direct lenders, you can opt for the most competitive offers after comparing the rates offered for an online installment loan.
How Does US Installment Loans Compare?
|How much do I qualify for?||Up to $35000||Competitive rates|
|What's the max loan length?||Up to 36 months||Fast decisions|
|Do lenders check my credit?||Yes||Soft credit checks|
|All credit levels accepted?||Yes||Bad credit doesn't matter|
|Chances of approval||Good||High approval rates|
|When am I allowed to apply?||24/7 online||Easy application|
What should I do before applying?
Before taking an installment loan, start by doing your own research. Also, ensure you understand the stipulated loan terms and fees before signing your loan agreement.
Will installment loans from direct lenders affect my credit score?
While missed or late repayments lower your score, the on-time loan repayment will improve it. When getting your installment loan, you sign an agreement showing that you’ll make regular repayments. Therefore, you must adhere to the set repayment schedule.