Installment Loans

Whether you realize it or not, installment loans can be very useful when one is extremely in need of some fund to cater for some pending expenses.

Installment loans are the most common loan available in Louisiana nowadays, relatively affordable for any person looking to borrow a bit of money from a lender; and in some cases, these cash installment loans for people with bad credit are an alternative even to your everyday normal credit cards.

An installment loan may come in any of the following forms:

 

1. Car loans
2. Mortgage loans
3. Personal loans

#1: Car Loans

This is an installment loan that is received to finance the purchase of a new vehicle, payments are in installments and within an agreed stated time frame.

Installment loans typically range from short-term to long-term loans, financing the purchase of a car that might last between 12 and 96 months; however, every lender has different terms. Be sure to check with your lender and confirm all terms of the agreement.

 

#2: Mortgage Loans

A mortgage loan can also be termed as another form of installment loan applied to cover the cost of buying a house as a guaranteed installment loan even when having bad credit.

 

#3: Personal Loans

You can also take installment loans to help fund your personal expenses, especially when having to deal with an unexpected financial crisis in Louisiana. Personal expenses include grocery shopping, home improvement, medical bills, auto repair, and lots more.

Getting a no-credit check installment loan to finance personal expenses can really be effective in keeping your monthly budget intact while still catering for other extracurricular financial expenditure(s).

Installment loans can be approved for consolidating debt.

 

 

What to Consider when Applying for Speedy Cash Installment Loans?

Guaranteed installment loans for bad credit direct lenders vary based on the type of installment loan you are applying for. With that said, it’s important to consider the following factors when applying for installment loans online in Louisiana:

 

• APR (Annual Percentage Rates)
• Qualification requirements
• Loan terms

The above factors can be broken down thus:

 

#1: APR (Annual Percentage Rates)

The usual cost of taking installment loans is normally stated in terms of annual percentage rate , which includes the interest fees instituted upon the selected loan offer.

For each type of installment loan, there exists an APR; therefore one should always refer to the lender in the event of a no credit check installment loan in Louisiana.

Knowing your interest rates and fees on your installment loan offer will help you know exactly how to properly schedule your monthly payments on the loan offer.

Interest rates on installment loans also vary based on your present financial situation and the number of terms the loan entails. You thus pay a higher rate in your loan offer if the loan repayment takes an extended period, and vice versa.

 

#2: Qualification Requirements

Before applying for an installment loan, it’s always good to check to see if you actually qualify for the loan offer.

The basic requirements to get an installment loan are:

 

• Applicant must be currently a resident in the United States
• Applicant must be 18 years and above
• Applicant must provide proof of address and other personal details like their social security number.
• Applicant must show proof of payday (consistent source of income)
• Applicant must provide an active bank account

It’s also good to note that our loans at InstantPaydayLA are guaranteed installment loans for bad credit in Louisiana. That being said, you will not be assessed for approval for your loan offer with your current credit rating.

 

#3: Loan Terms

Then there is a very important need to understand all the necessary nitty-gritty that concerns your installment loan offer; as discussed earlier, a longer installment loan term accrues larger interest rates, and a shorter duration of the installment loan term attracts small interest rates.

It is only when you clearly understand and communicate the terms of an installment loan that it will indeed help you to have proper planning of your funds well in knowing exactly how to properly schedule your monthly payments on the loan offer.

 

 

How to Get Guaranteed Installment Loans for Bad Credit Direct Lenders

If you’ve been on a consistent hunt for guaranteed installment loans for bad credit direct lenders, then you’ve come to the right place. No credit check installment loans direct lenders only take interest in the basic requirements as listed earlier in the guide, and not your current credit score or rating.

Luckily, we at InstantPaydayLA have a long list of trusted lenders that are willing to work with you, even with a bad credit rating.

The best part?

Our no credit check installment loans also help applicants to improve their credit rating. As you’d know by now, one of the major factors used to rate a person’s credit score is his or her payment history, which makes up 35% of your credit score; and with you, taking up an installment loan with us, that usually involves you constantly settling your loan at the end of the month, it will automatically reflect in your credit history, thus helping to boost your credit score for good.

And it gets even better when you are able to pay back the loan in full.

Plus our vast network of no credit check installment loans direct lenders only just want to help you build your finances, which makes it a win-win situation for us all.

 

 

Why Should I Get an Installment Loan with InstantPaydayLA?

Getting installment loans with InstantPaydayLA is really easy for all because the whole application process is conducted online.

You, from your home, get funds to your bank on that day that you have filed for the loan offer.

We realize that everyone is business today, therefore, we designed our site to bring convenience for all our customers. Additionally, we don’t want to hassle you with too many requirements to approve your loan request.
You don’t even have to give any form of collateral for your loan request to be approved.

You can fill up the loan request form from our application page in just about 5 minutes. Afterwards, once submitted, you will be instantly matched with a lender suited for your current lending purposes through installment loans.

At InstantPaydayLA, all of our actions are pretty transparent, ensuring that you receive the cash needed to settle that pending purchase when you want it, with no hidden fees.

But one thing we would usually want to advise our customers with is never to take as much cash as they really need. Doing this will make it almost impossible for you to properly utilize your loan offer. An action like this may even get you into bigger debts than you are already in.

We provide our services in the following areas: Baton Rouge, New Orleans, Monroe, Lake Charles, Lafayette, Houma, Hammond, Bossier City, and any other location in Louisiana.