woman reading about installment loan

The Benefits Of Taking Out A Nevada Signature Installment Loan

Those needing money quickly to cover an unexpected expense may find that a Nevada signature installment loan is a quick and convenient option. Financial emergencies often appear unannounced, and a signature installment loan provides you with access to fast emergency money to address your urgent needs.

There are three benefits of getting a Nevada signature installment loan over other options. Keep reading to discover to learn how you can take advantage of these benefits for yourself.

The Advantages Of Getting A Nevada Signature Installment Loan

1. You Don't Have To Put Down Collateral

Most loans, especially those from private lenders, require that you have something to guarantee the loan. Typically, this is a car title or an item you pawn. However, a Nevada signature installment loan doesn't require collateral. At Nevada Title and Payday Loans, Inc., we only require the following items:

  • Your driver’s license or state-issued ID
  • Your most recent paystub
  • A checking statement from an active checking account in your name

2. The Installments Are Broken Into Smaller Amounts Over A Few Months

Many short-term loans, like payday loans, require full repayment on a particular date. A signature installment loan allows the payments to be spread out so it is smaller and less cumbersome for your budget. This flexible repayment method is an advantage of other loans that often require you to repay the amount in a month or less.

3. You Can Borrow More

For practical purposes, signature installment loans function like payday loans because approval is based on your paycheck. However, a Nevada signature installment loan can allow you to borrow more money because you will repay it over time rather than in one paycheck. This option may be suitable for those with more significant, unexpected expenses.

installment loan money

What Guarantees The Loan?

In simplest terms, your signature guarantees this type of loan. A signature installment loan is similar to a personal loan given by a bank because you are personally affirming that you will repay it.

Most lenders require an active checking account for a couple of reasons. First, it assures them you have money coming in and going out, and some will want to look at your account statement to verify this.

Second, for many lenders, the checking account is used to deposit your money and automatically withdraw payments according to the repayment schedule. You must check with each lender to determine the policy regarding depositing the borrowed cash and repayments.

What Makes A Signature Loan From Nevada Payday And Title Loans, Inc. Different?

Not every lender offers Nevada signature installment loans, and the guidelines for applying can differ for every lender. Nevada Title and Payday Loans, Inc. is one lender that provides a variety of loans, including signature installment loans.

A signature installment loan with us can offer up to $1,500 in emergency money. Applicants must be at least 18 years old and have proof of income. They must also have proof of identity, such as a license or state identification. The final item required is an active checking account in their name, where you can provide a blank check.

Another thing to be aware of is that Nevada Title and Payday Loans, Inc. will perform a credit check before approving you for a signature installment loan. However, that comes after you fill out the application and consent.

You’ll be encouraged to know that your credit history does not automatically disqualify you from getting an installment loan with us. We welcome borrowers from all credit backgrounds to apply and will do our best to work with you regardless of your credit history.

How Does The Installment Loan Process Work?

At Nevada Title and Payday Loans, Inc., our installment loan process is quick and can take as little as 30 minutes. Here’s how it works:

  1. Start by submitting the online inquiry form that will be sent to the nearest office. This is only expressing interest and isn't an application.
  2. Someone from a store closest to you will call you to explain the process.
  3. Then, you will have an appointment to bring your required items to a store and apply.
  4. If approved, you can receive cash the day you're approved or the next day of business.

man with installment loan money

While those with bad credit aren't excluded from these types of loans, your credit report will be checked. If you have any concerns about your credit, speak with our loan representative. We’re here to make the process as convenient as possible.

Those who wouldn't qualify for a Nevada signature installment loan may have other options, as several types of loans are available to even those with bad credit.

Fill Out Our Online Form Today!

You can get all the information about a Nevada signature installment loan by submitting an inquiry form on our website. It doesn't obligate you to take out a loan, and your credit won't be checked.

After completing the online form, our friendly loan representative will call you to answer all of your questions. A signature installment loan may be a way to handle a surprise expense without draining your paycheck. Submit an online form today!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.