5 Questions To Ask Before Applying For Same Day Installment Loans

July 9, 2021 | June Mckaig

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If you’re in a pinch and looking for options that would help you get cash together as soon as possible, looking into same day installment loans might be warranted.

Signature installment loans, after all, are unsecured loans. This means you do not need to provide anything as collateral – like you would for a title loan. And you also get a little more time to pay back your loan at a comfortable pace.

That said, any loan can often be a double-edged sword. When you feel cornered and require assistance, you’re more likely to make decisions without considering all the pros and cons of the situation – digging yourself further into the hole.

So no matter how tempted you may be feeling to get same day installment loans and fix your money troubles in one fell swoop, just sit down for a few minutes with a pen and a paper and write down answers to the following 5 questions.

What To Check Before Getting Same Day Installment Loans

1. Should I Be Looking For Same Day Installment Loans?

A loan should never be your default solution to the problem. While getting necessary cash the very same day you get approved sounds appealing, do remember that it’s not a gift – it’s a financial obligation you’re taking on that you’ll have to handle in the future.

Same day installment loans are an option for situations that need to be dealt with right away but you’re pressed for cash. Think of urgent doctor’s visits, home and auto repairs, moving costs, and overdue bills.

If your problem isn’t particularly time-sensitive, you should always try to get cash together by other means first – things like getting a payroll advance, getting a side-hustle, or adjusting your expenses.

After all, one of the main benefits of same day installment loans is that you can always leave them as the last option.

2. How Much Can I Qualify For?

The maximum loan amount you can get for signature installment loans at Nevada Title and Payday Loans, Inc. is $1,500. This is another thing to think about when considering signature installment loans. Is this price going to help with your emergency expenses?

3. What Do I Need To Qualify For An Installment Loan?

Nevada Title and Payday Loans, Inc. has a few requirements for signature installment loans. Basically, you need to be of legal age and provide proof that you’ll be able to pay the loan off. Here’s what you’ll need to provide us with to potentially qualify for approval:

  • A state-issued ID or driver’s license to prove you’re over 18;
  • Your most recent pay stub as proof of income (however, if you cannot provide a pay stub due to an unstable income situation, you may be able to substitute with alternative proof of income – ask your loan representative for more details);
  • A checking account statement open in your name.

 

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4. Will Same Day Installment Loans Affect My Credit?

Whenever you’re getting a loan, any loan, you should always at least have an idea of how it’ll influence your credit history.

We will run a credit check before determining if you qualify for approval. But this does not mean you cannot get a signature installment loan if you have bad credit. Come in and we will go over this in more detail.

5. If I Get Installment Loans, What Do I Do About Repayment?

Before getting a loan, make sure you have a game plan for loan payoff. If you’re already budgeting this will be easy. If you are not, you’ll need to come up with a budget – at least for the next few months.

Take a look at your income and expenses, and write out what you’ll be cutting down on, to make sure you have enough cash for each payment you’ll have to make until the loan is fully paid off. Begin only after you have a solid idea of what your game plan will be.

 

Related content: Installment Loans For Bad Credit In Nevada

 

How To Get Same Day Installment Loans

Getting same day installment loans here in Nevada is not difficult. First, you need to fill out and submit an online form you’ll find on the website. The form will send information to the nearest Nevada Title and Payday Loans, Inc. store and soon enough a representative will give you a call.

The representative will provide the necessary information about the process and schedule an appointment for you.

Take the qualifying items – the ID, proof of income, a checking account statement open in your name – to that appointment. The loan representative will assess everything and determine if you qualify and for how much.

If they approve you, they’ll walk you through our loan terms in detail. They will also help you finish the simple paperwork. Once everything is complete, you will get the money you need on the same day.

Do Your Research And Get The Help You Need, Today!

When you need emergency help, you have to research your options. Getting same day installment loans could be an option for you to consider. Fill out the online form when you are ready.