Get Easy Repayment Options With Cash Advance Installment Loans

Many folks who live on a fixed income face cash-flow or credit problems at some point in their financial lives. Things happen. Emergencies requiring instant cash can arise. Sometimes the need is so crucial and so immediate that the next payday looks like it might as well be in the next century, even though it might only be a couple of weeks away. Cash advance installment loans can fill the need.

Perhaps it is just not possible to ask friends or family for a loan. Perhaps the troubled individual has no property to offer as collateral for a loan. With those options not available, the only available relief requires negotiations for a cash advance installment loan. One thing that can be tougher than landing a loan, is getting that loan paid back.

Many lenders offers only the option of repaying the loan in one or two lump sums. Other lenders, responding to consumer demands for easier repayment terms, have stepped up to the plate and are offering special loans that have a more flexible repayment schedule. These loans are known as installment loans.

Looking For Non-Traditional Lenders When You Need Short-Term Bad Credit Instalment Loans

During economy downturn, many people are suffering from financial difficulties and their credit histories are poor. It is “cruel” for me to say that it is impossible for you to obtain unsecured loans from any traditional bank when your credit score is low. So what is the solution then?

You should switch your focus to non-traditional lenders. These lenders are more open-minded and they are more willing to provide installment loans for people who have low credit scores without asking them to put up collateral. One of these lenders is American General. Why do these lenders dare to do so?

Let me justify.

In order for you to qualify for the short-term bad credit installment loans, you need to prove that you are currently employed. By maintaining your employment and getting fixed income every month, the non-traditional lenders are convinced to lend you money. They know that you have the financial ability to pay back your loan. In order for you to obtain the short-term installment loan successfully, you need to make sure that you don’t quit your existing job. Besides, you are required to prove that you have active bank account with good standing. By fulfilling these 2 requirements, you can access to the quick loan easily.

Since your credit is bad, the non-traditional lenders will never charge you low interest rates as other regular banks. They have to bear higher financial risks because they are offering financial assistance to you who have poor credit rating. In other words, due to your low credit score, you are required to bear higher finance cost but you are able to access to guaranteed installment loans fast. For people who need cash for urgent purpose, I would say getting this type of installment loan will be a wise option.

Some people find that the interest rates and loan fees for bad credit installment loans are extremely high. The late charges are unbearable too. Getting this type of unsecured loan can be a financial burden for people who have too many commitments in a month. If you wish to reduce your finance cost, you may consider getting the short-term bad credit installment loan from the credit unions. In general, most of the employed Americans are members to credit unions and these unions usually offer low interest rates to their members without performing any credit check. If you are the member of the credit union, why don’t make use of your privilege?

For people who are internet savvy, short-term bad credit installment loan can be obtained through online application. There are many active online loan providers who offer short-term financial assistance to people who have poor credit histories. The approval process is super fast if the loan applicants submit sufficient supporting documents to them during the online application. No credit check is performed and the online lenders will bank in the money directly to the borrowers’ bank accounts once their applications are approved.

Different Kinds of Installment Loans

Installment loans are common place in today’s society. They are used to acquire things that would otherwise require more time to save up for, and may no longer be timely after doing so. With loans like these, a person can borrow money to serve some purpose, and pay it back part by part with interest as payment for the service. Since there are so many things that require money and consequently loans, many different types of loans have developed. To illustrate some of the purposes and types of installment loans, here are a few short stories from


Close To Home

Joan is a single mother, who works to support herself and her young daughter. Though her job does allow them to live comfortably, they have little money for luxuries. Joan loves her daughter very much, and would like to celebrate her child’s tenth birthday with something special. She takes out a small personal installment loan, which she plans to finish paying off in a month or two. With the money, she proceeds to organize a birthday party for her dearest child, who could not have been happier. Loans can be personal things, used for special occasions, small and quick to pay off.

Get Well Soon

Michael is a worker at a chemical plant. Since they work with explosive gases and corrosive fluids in the workplace, he is always careful and watchful of his surroundings. Even so, there are things beyond his control. One night, while on an overtime shift, Michael is working near one of the natural gas storage tanks. Unbeknownst to him, an earthquake earlier in the day has shifted the tank just enough to cause it to leak at the pipe joints. That same quake dislodged some electrical connections, leading to a short circuit in one of the lights. By the time Michael notices something is wrong, he is too late. The blast of the exploding gas knocks him away, and he lands badly. While he escapes being burned, he is hospitalized for broken bones. Lacking money, he decides to take out a loan to cover his hospital bills. Loans are useful in emergencies that require a quick infusion of money.

Renewed Hope

Jen is a an aspiring writer, but her lack of schooling prevents her from getting a decent job which will allow her to devote more time to writing. When he finishes her novel, she realizes that getting it published would not be an easy task. She is disappointed, but realizes there is still something she could do about it. Not wanting to waste the opportunity, she applies for an installment loan at a bank, even if she might spend the next decade paying for it. With the money she borrows, she goes to a local publishing company and gets her novel edited and printed. She goes around local bookstores in her free time, and talks some of them into selling her books for her. Soon, her books are out of stock and still in great demand. The attention she receives from the local reading public is noticed by a major publishing company, who then agrees to publish her book for national distribution. Jen makes it to the big time, and she continues to write for a living. Loans enable us to take opportunities and improve our lives.