What is an Installment Loan?
An Installment Loan is essentially a personal loan that allows you to borrow a set amount of money that is repaid in fixed amounts, or installments, over a set period of time. These types of loans are designed to be used for whatever you need them for such as paying off bills, credit card debt, medical expenses, etc. Unlike traditional bank loans, installment loans are much easier to be approved for and you’re your credit rating should not be a problem; so, do not let that stop you from applying.
Part of what sets 123CashCredit.com apart from other traditional lenders is that the lenders in our network work hard to find reasons to get you approved rather than look for reasons to deny your loan request. Our lenders are available 24 hours a day, 7 days per week to review your installment loan application. So, please do not hesitate and begin applying by filling out the info to your right.
How to Apply for Installment Loans?
Applying for Installment Loans is easy! The entire process is done on this website using our online form. Just fill out all of the boxes on the form with verifiable and accurate info and click submit. After you submit your application, our lenders will review your data and you can expect to get an answer in 90 seconds or less. Generally, most approved loans are funded by the next business day, but some lenders can disburse the cash much faster.
Some basic qualifications are needed to get approved for Installment loans at 123 Cash Credit. Some include having a job with verifiable income level at about $1,000 per month, you must have a checking account with direct deposit so your approved loan amount can be deposited, you must have a working phone number and email address, and so on. All of the info our lenders need for general loan qualification is asked for on the application, so don’t worry! All you need to do is start filling out the info for the fastest turnaround time!
What are the Benefits of Installment Loans?
Installment loans can have much more benefits when compared to other loans. Installment loans generally can be approved for higher amounts than cash advances or payday loans. Also, since payments of installment loans are set at fixed amounts, re-payments are predictable and this can help you when planning your budget. Unlike interest rate loans, installment loans give you the ability to know when exactly your loan will be paid off because the repayment schedule is set according to repayment dates.
Another benefit of Installment Loans from 123 Cash Credit include you don’t have to explain what you want to use the money for. This means that you can use the loan to help cover expenses or pay off other higher interest debts. Sometimes, other lenders like to know what you plan on using the loan for; we believe that is none of our business! The only thing left to do now is start filling out the application which can be found HERE.