Unfortunately, direct lenders do not provide guaranteed approval as they need some sort of assurance that the loan will be repaid. However, you can get an Installment Loan even with bad credit!
Guaranteed Installment Loan For Bad Credit Direct Lender
If you do not know where to get funding in order to cope with personal needs, then the easiest way to get money is a loan. However, if you have bad credit, your options are limited, but you can still get funding!
An Installment Loan From A Direct Lender is an easy and fast way to get money online directly into your bank account! Even if you have bad credit, you will be able to get financing for your needs.
What Is A Direct Lender Installment Loan?
An Installment Loan is defined as any type of loan that is paid in regular monthly installments over a fixed period of time. There are a large number of Installment Loans, ranging from Mortgages to Personal Loans. Depending on its type, the Installment Loan can be secured or unsecured. Secured loans generally have better interest rates, however, you will have to provide your assets as collateral.
Now more and more lenders provide loans completely online, which means you don’t have to waste time looking for a lender near you!
Getting An Installment Loan For Bad Credit Is Easy!
Even if you previously faced difficulties in getting a loan and now you have a bad credit history, you can still apply for and receive an Installment Loan from a direct lender. What do you need for this?
- Choose a lender. While studying various offers on the Internet, pay your attention to interest rates and credit conditions.
- Submit your application. All you need is to provide basic information about yourself such as name, residence address, age, etc. Make sure everything is entered correctly before submitting the form.
- Wait for approval. If your application is approved, lenders will contact you to discuss the terms of the loan.
- Get paid. After you sign a loan agreement, the money will be transferred to your bank account.
Eligibility Criteria For Getting A Guaranteed Installment Loan Direct Lender
Of course, in order to get an Installment Loan, you need to meet certain eligibility criteria, which can vary depending on the state and the lender you choose. Below you can explore the main ones:
- Be a US citizen or official resident
- Be at least 18 years old
- Have a regular monthly source of income
- Have an active bank account
- Provide government issued ID
- Provide phone and email
Guaranteed Installment Loan Amounts And Repayment Terms
The loan amount varies depending on the type of loan you want to receive. As a rule, installment lenders offer loans from $ 1000 to $ 100,000 for your needs.
Repayment terms often vary from the loan amount, but usually they range from 2 to 6 years.
How Can I Get A Guaranteed Installment Loan From A Direct Lender?
There are no Guaranteed Installment Loans. Each lender has requirements that need to be met as the lender wants to be sure that the loan will really be repaid on time. Thus, a Guaranteed Loan is a myth and if you find such a loan offer you are most likely dealing with scammers.
Why Is It Worth Choosing An Installment Loan From A Direct Lender?
The direct lender approves the financing application much faster as there is no need to wait for third party approval.
Moreover, intermediaries charge a percentage for their services, which can be avoided by using the services of a direct lender. Also, working with a direct lender is safer since your information will not be transferred to third parties.
Am I Eligible To Get An Installment Loan From A Direct Lender With Bad Credit?
Even if you have bad credit, you can still apply and get funding for your needs. Direct lenders approve applications within one business day so you can get financing as quickly as possible!