Do Cash Advance Lenders Work with Installment Loans, Bad Credit?installment loans. And best of all for so many Americans, they don’t make credit score a major factor in approving loan applications.
Cash Advance Lenders Offer Installment LoansOne thing that sets cash advance lenders apart from many others is that they offer both the traditional payday loan but also an installment loan. A standard payday loan is a great option for many working Americans. It provides a quick source of cash with an easy application that is simple to access, complete and submit. It connects you to a lender from a pre-screened network of professionals. A payday loan also offers small loan amounts in a very short period of time, usually funding in 24 hours or less. Installment loans offer all that and more.
How Installment Loans Are DifferentCash advance lenders also offer an installment loan for a very good reason: to give you choice and flexibility. When payday loans are due you repay the entire amount in full. This is a great way to get rid of debt quickly, but paying the full amount is not always possible. You may have other pressing expenses when the loan comes due on your next payday. An installment loan allows you to get all the great benefits of a payday loan—easy approval, convenient application, fast cash—while also being able to make repayment in smaller installments, not all at once. When you agree to the terms of the loan, you’ll get a schedule of repayments to make later.
How to Get Approved for an Installment Loan from Cash Advance Lenders