Quick Installment Loans For The Cash-Strapped

A lot of times people find themselves cash-strapped at the worst of times. When financial emergencies come calling, they never consider that there is no extra cash lying around. They simply happen. The prevailing economic climate means that a lot of Americans are living from paycheck to paycheck, and this is before financial emergencies. Now throw in that urgent car repair or medical bills and you end up with a lot of frustration. Thankfully, if you ever find yourself in need of urgent cash there are short term credit facilities available to you. One such are installment loans. Installment loans are short term and long term loans that are designed to offer you some reprieve until your next paycheck arrives.

Over the recent past, installment loans have gained a lot of popularity. More and more people are opting to go this route whenever they find themselves facing emergency money problems. It is comforting to know that you have a plan B when you need money and your paycheck is yet to arrive. Besides that, there are great benefits associated with this type of loans. So how does one apply for the loans and what are the benefits?

The loan application process is quick and straightforward. Traditional lenders such as banks are notorious when it comes to being bureaucratic and giving one the run-around during the loan application process. With fast installment loans, the application is swift, easy and it happens online at the comfort of your home. All you need to do is provide your details via the internet. You need not wait in line to apply. Besides, approval happens on the same day after which one of our consultants will get in touch with you to discuss the loan repayment and terms and conditions.

When a financial emergency happens, it could require anything between $50 and $5,000. Mainstream banks will not look at you twice if you apply for a $50 loan. They will simply consider that amount too little and not worth the trouble. However with payday loans, you can apply for as little as $50 or as much as $5,000. The flexibility in the amount you can borrow is a huge bonus when it comes to surviving financial short term hardships. What’s more, once your loan is approved you should expect the money in your checking account on the next working day, or within 24-48 hours. We understand it’s called an emergency because it requires immediate attention. We therefore do not keep you waiting for the cash.

A lot of people shy away from loan applications because they worry they do not qualify. They instead opt to wallow in financial crises instead of finding a way out. The criteria used to qualify one for a loan is pretty simple. You are required to be 18 years or older and have an active checking account. You should also have a source of income that brings you at least $1000 per month. You should also be a U.S resident. We also accept riskier individuals such as people with bad credit thus making it possible to borrow even if your credit is not that impressive.

We offer attractive interest rates and are upfront about the fees. A lot of potential lenders worry about hidden fees when it comes to borrowing money. This is not the case with online installment loans. Everything is written down and explained to you before you electronically sign on the dotted line. It is important to note that we have the lowest rates in the market.

Another issue that lenders concern themselves about is repayment. Our repayment options are flexible and we allow repayment between 7 to 31 days. On the due date of repayment, the loan amount and the fees are deducted from your bank account. The fact that repayment is flexible means you can choose the options which suits you best. Also, the fact that you get to pay between 7-31 days means you don’t get to worry about long term debt. You’ll be done repaying the debt within a month at most and you can go on with your normal life.

If you are in need of urgent cash, you should not feel helpless. Installment loans have been used to solve short term financial problems in the past and you should use them too. Apply for a loan today with SolidInstallmentLoans.com!