Payday Loan 
Title Loan 
Personal Loan 
Business Loan What are Installment Loans?
Installment loans are a type of loan that allows you to borrow a fixed amount of money upfront and then pay it back over a set period of time. Unlike other types of loans, such as a payday loan, an installment loan is repaid in fixed, periodic payments (usually monthly).
It is important to note that installment loans in Stanton, Texas are legal and popular, but they should be used responsibly and only for emergency situations or unexpected expenses. You should only borrow what you can afford to repay and should never use installment loans as a long-term solution to a financial problem.
The Benefits of Installment Loans
There are many benefits to using installment loans in Stanton, Texas, especially compared to other types of loans.
- Smaller, more manageable payments compared to payday loans
- Interest rates are generally lower than other short-term loans
- Installment loans can help build credit history if payments are made on time
Applying for Installment Loans
Applying for installment loans in Stanton, Texas is a straightforward process. Most lenders require that you are at least 18 years of age, have a valid ID and checking account, and provide proof of income such as a pay stub or bank statement.
You can typically apply online, in person, or over the phone. If you are approved for a loan, the lender will provide you with the terms and conditions of the loan, including the repayment schedule and interest rate.
Interesting Facts and Statistics about Installment Loans in Stanton, Texas
– In 2018, the average installment loan in Texas was for $1,500.
– The average length of an installment loan in Texas is 6 months.
– Texas has the third-highest payday and auto-title loan volume in the country with 3,300 lenders operating in the state.
– 45% of borrowers in Texas renew their payday loans seven or more times, leading to more fees and interest charges.
Apply Now for an Installment Loan
If you find yourself in need of emergency funds, installment loans in Stanton, Texas may be a viable option for you. TheGuaranteedLoans is a connector service that can help connect you with potential lenders. We are not a direct lender, but our service can help you get the money you need quickly and conveniently. Fill out our online application to get started.