What are Installment Loans in Oakdale, Wisconsin?
If you are in need of some cash but don’t want to take out a payday loan, installment loans in Oakdale, Wisconsin might be the ideal option for you. Unlike payday loans, which must be repaid with a single lump sum payment, installment loans are repaid over a period of months through fixed, regularly scheduled payments.
How Installment Loans Work
The process for obtaining an installment loan is relatively straightforward. You can apply online, or in person at a brick and mortar location. Once your application has been submitted, you will need to provide your personal information, including your name, address, and employment information. You may also need to provide your banking details, as these will be used to deposit your loan funds and withdraw your payments.
Once your application has been approved, you will receive your funds. These funds can be used for any purpose that you see fit, from paying off high-interest credit card debt to covering unexpected medical bills.
Benefits of Installment Loans
- Flexibility: Unlike payday loans, which must be repaid in full on your next payday, installment loans are repaid through a series of fixed payments over time.
- Convenience: With online applications available, you can apply for an installment loan from the comfort of your own home.
- No collateral required: Installment loans are unsecured loans, which means that you don’t have to put up any collateral to secure them.
- Lower interest rates: Because installment loans are repaid over a longer period of time, they typically have lower interest rates than payday loans.
Interesting Facts about Installment Loans in Oakdale, Wisconsin
- Installment loans are legal and popular in Wisconsin.
- Installment loans in Wisconsin are regulated by the Wisconsin Department of Financial Institutions.
- According to a report by the Center for Responsible Lending, the average interest rate on a payday loan in Wisconsin can be as high as 574%.
Apply Now
If you think an installment loan might be the right choice for you, we encourage you to apply now. At TheGuaranteedLoans, we’re committed to connecting you with potential lenders who can provide you with the cash you need, when you need it. Please note that we are a connector service and not a direct lender.
To get started, simply fill out our online application and we’ll take care of the rest. Our application process is fast, secure, and hassle-free. Best of all, you’ll know almost immediately whether you’ve been approved for a loan.