Installment loans in Chicago? Personal Money Network can help! We work with lenders that
offer loans in smaller dollar amounts than traditional financial institutions and this allows the
lenders to extend credit to higher risk borrowers. This means bad credit installment loans are a possibility for many and you may still qualify for an installment loan with the lenders working with Personal Money Network. Also, because Personal Money Network submits your application to multiple lenders at once, rather than with a single lender at a time, your odds of receiving an approval are increased.
Fast Installment Loans in Chicago
Do you need cash fast due to a financial emergency? Many of the lenders working with Personal Money Network are capable for rendering instant decisions, so you will know if you have received an approval fast. Also, if you provide the number of a checking account in good standing when you fill out your application, many of the lenders can offer an electronic deposit of the funds as soon as the next business day after you have received an approval, so you’ll have the cash you need, quickly.
What is an installment loan?
One common example of an installment loan is a home mortgage. You will make payments in a set amount, on a set schedule over a set period of time that is pre-determined by your lender. You will receive a copy of this schedule when you receive an approval and are forwarded to a page where you can review your contract. It is important that you read this contract completely, including the fine print, to avoid any confusion when it comes time to pay back your loan.
No Credit Check
Many of the lenders working with Personal Money Network offer “soft credit checks” rather
than intensive credit checks through a bureau. Don’t be fooled by some companies that claim to offer “no credit check” installment loans in Chicago, Illinois.
Installment loans are an option for those that might not qualify for personal loans because of bad credit or another reason. They provide flexible terms and scheduled payments, where the other option is payday loans but these work in a different way and usually require repayment within a few weeks.