Direct Lender Installment Loans for Bad Credit
With Personal Money Network, direct lender installment loans for bad credit can be an option. The direct lenders working with Personal Money Network are capable of rendering a quick decision on your eligibility for an installment loan with bad credit.
What’s an installment loan?
Installment loans are a loan that allows you to repay the amount you borrow over a period of time, for a set number of payments. One example of an installment loan is a home mortgage. With this type of loan, there is a payment schedule that is pre-set by the lender that tells the borrower how many payments will be made and what the amount of those payments will be. There are many other types of loans that also fall into the installment loan category.
Why should I consider an installment loan?
Some reasons that borrowers consider installment loans include needing extra funds to cover a home or appliance repair that simply cannot wait until your next payday. Cars break down and the timing is not always the most convenient. Sometimes, consumers consider installment loans because they want to consolidate other loan payments into a single payment, rather than having to keep track of several different payment schedules. An installment loan is one option to consider in these situations. No matter what your financial need is, there are options to consider and installment loans for bad credit may be a possibility. Please consider your reasons for applying for this type of loan carefully before signing any agreements.
Loans with bad credit?
Everyone has the right to request loans, regardless of their credit score. That is why Personal Money Network redirects your application to multiple lenders which may improve your chances of receiving an approval. Please note that direct lenders working with Personal Money Network will check your credit background to ensure that you meet their requirements to be eligible for a loan.
Will they do a credit check?
The direct lenders working with Personal Money Network will perform a credit verification check to ensure your eligibility for a loan, even if all they do is look at the amount of your last paycheck. Do not be misled by companies that claim to offer “no credit check loans” as these companies are misleading.
How do I apply?
Applying for an installment loan online is easy with Personal Money Network. It takes a few minutes to complete. Simply fill out the form providing your personal information and financial details, and ensuring sure the information provided is complete and accurate. Be sure to have your banking information handy when filling out the application because some lenders may deposit the loan directly into your account. This account needs to be in good standing so that the deposit will go through. Once you have filled out the form and submitted it, wait to receive a decision on your application. Should you receive an approval, you will be sent to a new page where you can review your contract. It’s important that you read your contract and pay attention to the fine print before you sign the agreement. Should you have any questions about your contract, contact your lender directly before signing the document.
Is it secure?
Internet security is important and so is your privacy. Personal Money Network uses industry standard best practices to ensure your information is secured. Your financial details are protected and that internet security is taken seriously with a fast and easy process for requesting an online installment loan. You don’t have to worry about prying eyes looking over your shoulder, like you would with a store front lender. Instead, you can do everything from a place that you choose, using your computer, smart phone or tablet. The application form on Personal Money Network works with multiple device platforms, whether it be a Mac or a PC, an iPhone or Android.
How soon will I get my money?
The approval process of installment loans takes time. Be sure to fill out the form during regular business hours on a weekday as this can speed up the process. Make sure that it is legal for you to apply for installment loans in your state. The laws for eligibility for these types of loans vary by state and this option may not be available to you depending upon where you live. Because this process takes place online, it is much faster than applying for a loan through a traditional bank. Simply fill out the form and wait for a decision from a direct lender.