There is no doubt that life has a tendency to drop unexpected expenses on your lap when you least want them, and in such situations, you will usually need to start looking for ways to access the funds you need in a hurry. The good news about this is that there isn’t a shortage of loan options or lenders to choose from these days, especially given that it has never been easier to apply for financing through online installment loan platforms.
However, the bad news is that, with no shortage of options in the online lending market, it often becomes difficult to pinpoint a trustworthy lender to partner with. Luckily, US Installment Loans is an online credit broker with a stellar reputation for connecting borrowers to reliable lenders, even if you happen to have a bad credit history.
What Does US Installment Loans Offer?
It is important to keep in mind that US Installment Loans do not actually provide funding directly but rather act as an intermediary between the borrower and loan providers across the country. This in turn spares you all the extra effort of having to look for a lender yourself or the risk of dealing with an online loan provider that has a history of unscrupulous lending practices.
You are able to apply for a wide variety of loan products, such as installment loans, payday loans, cash advances, title loans, and even loans for people with bad credit. You can also get access to same-day loans from this website, with the ability to apply for funding between $50 and $35,000 with APRs ranging from 5.99% to 35.99%, which can vary depending on your credit rating. Repayment periods are often set between 3 months and 36 months.
They also work with a wide range of lending institutions, so even if your credit rating is low, it is more than likely that they will still find you someone who can provide you with a loan. Plus, their lending network provides borrowers with extremely flexible payment options, which means that you can either make your repayments manually or set up automatic payments and even pick your preferred payment date.
What Does The Loan Application Process Entail?
When it comes to submitting a loan application, the entire loan process has been streamlined to ensure that you have a smooth experience, as you simply need to head to their website and navigate your way to the loan application page.
You will be required to fill out the online pre-approval form with your name, phone number, address, and email, as well as your credit history and financial information. And should you want a direct deposit, you may also need to provide your bank account details.
This should only take you 10-15 minutes to complete, and once the form is submitted, the review process should not take more than a few minutes, as the entire process is automated, thereby ensuring a swift turnaround on the decision.
If approved, you will be able to review and compare different lenders and offers, which enables you to find the one that best suits your financial situation. Once you agree to the terms and conditions, you can expect to receive the money ASAP, as all their partner lenders will typically process your funds in as little as 24 hours.
Is US Installment Loans A Trustworthy Lending Service?
As a lending service, US Installment Loans takes its job seriously by doing the utmost to ensure that the entire loan process is fully transparent and all borrowers are well aware of what they are getting into when applying for a same-day loan. Their website also comes loaded with copious information on how the loan process works, what types of loans are available, as well as any other questions that a first-time borrower may have.
Another thing that is worth appreciating about US Installment Loans is that they don’t sell their applicants’ personal information, as any details that you end up submitting on the platform will only ever be shared with their partner lenders. Furthermore, they do not conduct any business with unsavoury lenders that may be looking to sell your personal data either.
What Are Their Eligibility Requirements?
As mentioned before, US Installment Loans does not directly lend money to borrowers but instead matches you to online lenders who will. And it is also because of this that they are able to impose lax eligibility requirements for you to utilize their platform.
However, it is important to take into account the fact that each of the potential loan providers within their network may have their own set of requirements. At a minimum, they will require you to:
- Be at least 18 years old
- Be a permanent resident of the United States
- Have a government-issued ID
- Be able to provide proof of a steady income
And while some lenders and brokers do come with different qualifications, you can rest assured that these requirements are not designed to make it difficult to secure a loan, even with bad credit.
Should You Apply For A Loan Using US Installment Loans?
Yes. The benefit of US Installment Loans is that their website is stacked with useful details and offers very intuitive navigation. This makes it easy to learn a lot about the different types of loans available from their partner lenders and what the borrowing process entails.
Moreover, the service is accessible nationwide, and their lending network does well to factor one’s income level, employment history, and education history into any loan applications, which ensures that your odds of securing a loan are high, compared to most traditional lending institutions.
Plus, you can include a co-signer on your loan application to increase your chances of securing higher loan limits. However, the downside of using this service is that it can be challenging to secure a competitive interest rate, especially if you happen to have a poor or no credit history. You should also keep in mind that some of US Installment Loans’ partner lenders charge origination fees and even prepayment penalties, so make sure that you choose your loan provider carefully.