US Installment Loans is partnered with a wide network of online loan companies that provide access to quick, short-term loans, even to those with bad credit. The company is a credit broker, which means that while they can help you take out installment loans online, they are not directly involved in giving direct loans.
This means that they will only provide you with the opportunity to make an online loan request and present it before their panel of direct lenders that offer loans. US Installment Loans also doesn’t charge borrowers any fees for using their service, and you can get bad credit loans on this page within a day of submitting a request.
Why Use US Installment Loans?
US Installment Loans’ lending process is fairly straightforward, and there are multiple benefits to using the service as opposed to trying to handle the entire process by yourself. Some of these benefits include:
#1. Fast loan processing
Unlike traditional lending institutions, when you apply for a loan via US Installment Loans, your online request form will usually be processed almost instantly. This is preferable to the amount of time it usually takes for an application to circumvent typical bank bureaucracy.
#2. High-end data encryption
Another advantage of using US Installment Loans is that the platform utilizes advanced data encryption software to keep your information safe and private. Additionally, the site runs tests on a frequent basis in order to ensure that there are no security leaks.
#3. Online payments
One of the best features of US Installment Loans’ lending network is the fact that you can conveniently make your loan payments directly online. Plus, most of their partner lenders even allow you to set up auto payments for extra convenience, which does well to simplify the entire repayment process.
#4. Bad credit loans
US Installment Loans doesn’t limit any of its services only to those with excellent credit histories. The lending service also works for those with poor to no credit histories, which means that you do not have to worry about being turned down. This is preferable to most traditional lending institutions like banks and credit unions, which typically have stringent loan eligibility requirements.
How To Get Started With US Installment Loans?
#1. Confirm Your Eligibility
To secure a loan from US Installment Loans, you first need to make sure that you qualify for a loan application. This means making sure that you are:
- Above 18 years old
- Are a permanent resident of the US
- Have an active checking account
- Have a stable source of income
#2. Submit Your Pre-Approval Form
If you meet all these requirements, you will then need to submit an online form that will involve sharing your personal and financial information. You will also need to state the loan amount that you need, as well as the reason for the loan. You will also need to provide other details such as your employment information, income source, etc. Once completed, you can submit the application form and wait to receive loan offers from the multiple online lenders that the company is partnered with.
#3. Review Loan Offers
US Installment Loans will have sent your loan application form to multiple online lenders simultaneously, which means that you will have numerous loan options to choose from. Most of these offers will come with their own terms and conditions, so make sure that you review all the details before accepting an offer.
#4. Sign The Loan Agreement
Once you accept an offer, you can e-sign the documents and wait for the money to be transferred to your selected bank account. In most cases, you can expect your funds to be deposited by the next business day, but this can vary depending on your bank’s processing times.
Types Of Loans You Can Access Via US Installment Loans
Personal Loans: These are short-term loans that can be used to deal with personal expenses. You can apply for a personal loan that will usually need to be repaid within a few months. However, the amount you will qualify for can often vary depending on your credit rating.
Quick Loans: These loans are ideally suited to those in need of fast cash, as you can expect to receive the funds within a few hours of approval. They are typically used to deal with sudden emergencies like house bills or car repairs.
Payday Loans: Payday loans are a type of cash advance that allows you to access small amounts of money up to a maximum of $5,000 ahead of payday. As a result, they are typically due in full by the time your next paycheck arrives. The only downside is that these loans typically come with extremely high interest rates.
Bad Credit Loans: These loans are designed to cater to borrowers with less-than-stellar credit ratings. You can access funding up to a maximum of $5,000 with flexible repayment periods. In most cases, the lenders will use your income level rather than your credit score to determine how much you qualify to borrow.
Installment Loans: These loans are the main specialty of the service, and they are available for those that would like to borrow cash and slowly pay it back over the course of a few months in small amounts. However, in some cases, you may even be required to provide some form of collateral, especially if your credit rating is poor.
Title Loans: These are loans that you can take out against your vehicle and can be easily obtained even with a bad credit score due to the low level of risk to the lender. It is also for this reason that they are the best option for those in need of a large amount of money to deal with big expenses.
Does US Installment Loans Conduct Credit Checks?
No, US Installment Loans is not a direct lender, meaning they do not conduct credit checks. However, their partner lenders will usually carry out credit checks on all loan applications that they receive.
Luckily, most of their lenders are still open to approving bad-credit borrowers, so you don’t have to worry about your credit score affecting your chances of approval. It is important to note that your credit rating may affect the amount of money you ultimately qualify for.
You should also keep in mind that should you fail to repay your loan on time, the lender may decide to report you to one of the major credit reporting agencies, e.g., TransUnion, Experian, and Equifax. This in turn can negatively impact your credit rating further, which can affect your chances of securing a loan in the future.
Whether you need money to deal with an unexpected medical emergency, to deal with sudden home expenses, or even just to take a vacation, applying for a loan from US Installment Loans can be the answer. The lending service will not only provide you with the fastest and most convenient way of accessing a wide variety of loan options, but it will also connect you with a lender that is best suited to your needs. This in turn should improve your chances of securing approval, even with a less-than-stellar credit history. In short, US Installment Loans is 100% worth it.