USA / ACCESSWIRE / August 15th, 2014 / It is indeed a serious problem of the current economy that people accumulate more debt than they intend to and then get stuck resolving the mounting problems for an extended period. The application process for an installment loan is very simple and no faxing is required. The interest is amortized across the life of the loan with the early payments weighted more heavily toward interest, while the proportion of each installment that goes toward principal repayment increases with each successive payment. With over 40 years of providing affordable personal loans, we've streamlined our installment loan approval process down to a science so you don't have to spend hours going back and forth just getting your application submitted. Alternative sources you could consider include a credit card cash advance, home equity line of credit, existing savings, or borrowing from a friend or relative.
All of our lenders are required to adhere to the Fair Debt Collection Practices Act which protects you from harassment. Good credit, bad credit, your ability to qualify for one of our personal loans is based of off of your ability to repay the balance and not your credit score or how much collateral you're able to put down at signing. Credit Fair-E installment loans will help you build a strong credit profile and assist you in lowering your rates over time. You can potentially have everything finalized in minutes, thanks to our swift online platform!
The biggest advantage to an installment loan is that you only pay for the time you use the loan. Installment loans are currently available in select states through our lending partners for online loans. The loan can be spread out over 36 months allowing you to borrow much more than payday loans. No credit check” online installment loans generally don't make typical inquiries on your credit score, but you'll need to demonstrate how you'll be able to repay the loan. We don't want you to worry about immediately paying us back in a single lump sum, which is why an installment loan is a great option for you. A secured installment loan requires you to use collateral such as your house or car to guarantee that the lender will be paid back.
Next, the potential borrower must have a bank account that is eligible for receiving direct deposits. Hence, we as a bad credit loan lender, provide hassle-free and quick installment loans that you can pay back monthly very conveniently. You can apply conveniently online and some lenders even provide smartphone apps. Some of the jurisdictions limit the APR (annual percentage rate) that lenders can charge, in order to prevent excessive and unreasonable interest rates. Even though we aren't a direct lending company, we try to match customers with top monthly installment loans deals from reputable lenders.
Collection Practices - Many of the lenders in our network stick with in-house debt collection practices rather than selling your debt to an outside collection agency, and they will never sue you or threaten criminal charges against you. Approval is made on a case by case basis, but lenders will not automatically reject you if you have bad credit. When your credit rating is poor, you live in the constant fear that a cash emergency may leave you stranded. Installment loans have higher loan amounts than standard payday loans, and while you have lower ongoing repayments because you're paying it back over time, the APR can still be quite high resulting in a total overall repayment. We do not have traditional credit requirements, there are no hoops to jump through and we have some of the highest approval rates in the industry.