How Can Installment Loans For Bad Credit Help?

October 22, 2021 | Daniel Dewitt

installment loans for bad credit

 

Try as we might with our budgets, sometimes we are not always going to be able to make ends meet. A lot of the time, this is due to emergency expenses or unexpectedly high bills hitting your finances. In these situations, people may seek installment loans for bad credit as an option. Here is what you need to know about them and how to get one.

What Are Installment Loans For Bad Credit?

A signature installment loan is similar to a bank loan. This means that you borrow cash, and then you pay it back over a certain number of installments.

With a traditional bank loan, however, you will often need to have astonishingly good credit if you want the bank to consider you. This means that if you have a couple of late payments to your name, you will find it tough to borrow.

Installment loans for bad credit can be an option for those that do not necessarily have the greatest credit history in the world. Your credit score will still be checked, but it won't be holding you to the same standard that banks will hold you to.

How Can Installment Loans For Bad Credit Help?

Installment loans of this nature are designed to cover emergency expenses. This means those unexpected expenses that you have not quite budgeted for. This is similar to our title loans that you can also use for short-term emergency expenses.

For example, you could use installment loans to cover medical bills. This includes covering the cost of medication for an unexpected illness. They could have also been used during the pandemic because it provides you with the cash you need for painkillers and anti-fever medication.

Installment loans can also be used to cover needed household repairs. For example, if you have a major plumbing or electrical issue that simply cannot wait until the next paycheck. You could also use it for car repairs as well.

Basically, if cash is required for an emergency and it can't wait until your next paycheck or your next paycheck isn't quite enough to cover it, then signature installment loans could help.

How Do Installment Loans For Bad Credit Work?

We here at Nevada Title and Payday Loans, Inc. offer up to $1,250 for signature installment loans. The exact amount that we can lend will be discussed further during the meeting we set up at one of our store locations.

Whenever you inquire about a signature installment loan from us, the process will begin online. We have a short form on our website that you can fill in. This will take just a few minutes. This form will let us know about you, as well as allow us to work out where your closest signature installment loans near me location is.

When you have sent the form, one of the loan representatives at your local Nevada Title and Payday Loans, Inc. location will quickly review the information. They will then give you a call to discuss your inquiry. After a quick discussion, we will set up a meeting with you. Make sure you bring in the following documents to the meeting:

  • A government-issued photo ID;
  • Proof of income in your most recent pay stub;
  • A blank check for an active checking account in your name.

Here, we will carry out a few additional checks. If you qualify for approval, we will walk you through the loan terms and have you sign some forms. You will then receive the cash from your installment loan either the same day or the next bank business day.

 

signature installment loans

 

Keep Nevada Title and Payday Loans, Inc. As An Option

At Nevada Title and Payday Loans, Inc., we aim to make the borrowing process as easy as possible. This is why there are very few steps to borrow from us. Our process has been streamlined. As a result, from the time you walk in, the process can be as quick as 30 minutes.

The speed at which our process works means that an installment loan from us can be an option for those that need to borrow money quickly. For example, if it is vital that they have a repair job carried out swiftly.

We also have locations throughout Nevada, so we can be an option no matter where you live. There is bound to be a location near where you live. You should never be more than a short drive from one of our locations.

Inquire About Installment Loans For Bad Credit Today

Many people see installment loans for bad credit as an option to get them through a rough patch or cover emergency expenses. If you are interested in an installment loan, then fill in the short inquiry form on our website today. You could receive an installment loan as quickly as the same day or the next bank business day.