How Do Installment Loans In Las Vegas Work?
October 8, 2021 | June Mckaig
Installment loans are a form of borrowing for those that need access to emergency cash. If you are struggling with emergency expenses like medical bills or late utility bills, this loan can help you out. There are a few things you need to know about these loans in order to decide if they could actually work for you. Here are some things you should know about how our installment loans in Las Vegas work.
What Are Installment Loans?
Installment loans Las Vegas are similar to title loans and payday loans – both of which are also offered here in Nevada Title & Payday Loans, Inc. – in that they are short-term loans designed for emergency expenses. Where signature installment loans differ is, unlike our title loans, you don’t need to have collateral, and unlike our payday loans, you usually have more time to pay back the loan.
Why An Installment Loan Is An Option
Nevada Title and Payday Loans, Inc. is a provider of installment loans in Nevada, including Las Vegas. Our signature installment loans can cover various emergency expenses including, but certainly not limited to, the following:
- Medical bills, particularly covering the costs of medication;
- Ensuring that rent payments do not go late;
- Covering emergency repairs to your home. This can include plumbing, heating, or air conditioning issues;
- Required repairs to a vehicle, particularly minor repairs so they do not spiral out of control;
- Preventing certain bills from going late so you don't have to deal with late fees or hits to your credit score.
Installment loans from Nevada Title and Payday Loans, Inc. are often used by people that have expenses that can't wait until their next payday. Remember, because the process can take as little as 30-minutes, we could be an option for those that need fast access to money.
Who Can Obtain Installment Loans in Las Vegas, NV?
There are a few things that you will need to know if you want to obtain an installment loan. First and foremost, you are going to need to have a source of income. This should be from your most recent paystub.
However, you may still be able to obtain an installment loan if you have other sources of income like freelancing income, or if you are claiming certain benefits. Make sure to have the correct documentation and we can discuss this more in detail.
You will also need to have an active bank account. If you do not have a checking account, then you won't be able to get an installment loan. Finally, we will run a quick credit score – though you can still come in even if your credit is poor.
How Do Installment Loans in Las Vegas Work?
Installment loans may seem similar to traditional bank loans, but the process for obtaining one is slightly different. While you could be waiting for weeks to be approved for a typical bank loan, it can take just 30-minutes to get through the process and find out if you’ve been approved.
In fact, with us at Nevada Title & Payday Loans, Inc., you could get the money on the same day or next bank business day as you are approved. We pride ourselves on having a quick and easy process for you to go through.
You can begin by making an inquiry on our website. This will be a short form that you need to fill in. This will allow us to get to know you a little bit better and to contact you to continue the process.
Shortly after you fill in the form, a representative from the closest Nevada Title and Payday Loans, Inc. location will reach out to you by phone. You can find our Las Vegas, NV locations by searching ‘signature installment loans near me’ on our website location page. During this phone call, we will talk to you about the process and answer any questions you may have. We will also make sure you have the correct documents.
Once you are off the phone, you can gather your state-issued ID, your most recent paystub, and a blank check from an active checking account in your name. Take these items with you and head to the meeting.
We will look over your documents and carry out a few final checks. If everything is in order, you will be asked to sign a few forms. Once the paperwork is finished and all your questions have been answered, you are finished! You can get the cash either the same day or the next bank business day at the latest.
Inquire About Nevada Installment Loans Today
There is no reason why you should struggle alone with emergency expenses. Do you believe that installment loans Las Vegas may be an option for you? Fill in the short inquiry form today. One of our representatives will get in touch with you. You could be just 30-minutes away from the cash that you need.