A payday loan isn’t going to do it. You need more than that and you know your rating isn’t the best. It might be time to look for installment loans direct lenders.
Let’s Talk About Installment Loans Direct Lenders
Direct lenders are usually less conservative than a bank. So they are your providers ofor high-risk loans.
In most cases, if you have credit problems, you want to look for direct lenders They are the lenders who offer products like signature loans no credit check.
Of course, “no credit check” is an industry term. It doesn’t mean they won’t check your information at all. It usually means they will run a soft credit check instead of a hard one.
That makes installment loans from direct lenders a little quicker. It also helps protect your rating. Too many had checks can harm it.
Helpful Info About Installment Loans Direct Lenders
Generally speaking, short-term loans will be easier to get and have more favorable terms than long-term loans. So you will want to look at the loan term.
This is the length of time it will take to pay off. It might be as little as 90 days or it might be as much as a few years.
If you have assets to use as collateral, secured loans will also have more favorable terms. This is a different use of the word “term” in the loan industry. It means the details of what you agree upon.
Unsecured loans will generally charge more interest and more for fees. Secured loans reduce the risk to the lender.
Let’s Cover Some Basic
In order to enter into any legal contract, you need to be a legal adult. In order to get loans in the US, you need to be a citizen or legal resident.
You will need to provide a copy of your identification. This might be one of the following:
- Driver’s license.
- State-issued ID card.
- Tribal ID card.
- Military ID card.
You will also need some documentation of your financial information. Installment loans direct lenders may not need much more than your typical payday loan.
So you may be fine with providing a recent pay stub or a recent bank statement. If you bank online, you may be able to readily download a PDF copy of a recent bank statement to attach to your online loan application.
Find Installment Loans Direct Lenders.
TheGuaranteedLoans is a loan matching service. We do the legwork so you don’t have to do so.
You can fill out an application with us just once and then we check it against multiple different products. This not only saves you time, it protects your credit score.
It can harm your score to apply to multiple different loans to see which one is a match. Letting us pre-screen lenders to find a match can be a good move to help protect your rating.