How Installment Loans from Direct Lenders work?
Short-term, unsecured installment loans from direct lenders allow you to borrow a big sum of money up front. This money will subsequently be repaid to you in set installments or monthly payments. Depending on the lender and loan terms, repayment periods might be anywhere from a few months to a few years.
There are no middlemen when taking out an installment loan from a direct lender. Therefore, the application, funding, and repayment processes will be managed by the lender you're working with. Direct lenders will keep all of your information private and secure, however indirect lenders could share your data with other businesses.
What Are Bad Credit Installment Loans?
Even if you have bad credit, you can still quickly obtain an installment loan and repay it over a longer period of time. The loan is repaid in two to twenty-four months. You pay back a little portion of the money each month in equal payments. The amount of each lump payout is the same.
People with bad credit can obtain installment loans with rapid approval if they are connected to a direct lender. We collaborate with a sizable network of these financial institutions. With the aid of our service, dozens of providers will be notified of your request with just one application. You can apply for bad credit installment loans on our website and receive a timely decision regardless of your credit score.
Get Online Direct Lender Installment Loans for No Credit Check with EZPaydayCash
Every personal loan from a traditional lender, such as a bank or credit union, is subject to a strict credit check. Only applicants with solid credit histories are eligible for funding; those with bad credit are turned down. Online lenders, on the other hand, only conduct soft pulls rather than standard checks.
Direct lenders swiftly review the information on your profile but do not request extra credit score data from the major credit bureaus. They scrutinize your ability to repay the loan on time and have minimal credit standards.
Additionally, direct lenders offer speedy approval for any kind of personal loan to unemployed borrowers as well. Proof of consistent income can be provided via alimony, child support, social security, inheritance, unemployment benefits, and other means.
What is the Eligibility Criteria for Getting a Direct Lender Installment Loan?
As you proceed with the loan application, you shall be required to share these:
- Social Security Number
- Age proof (must be 18 years or older)
- Checking account details
- Bank statements/income stubs
- Valid contact details
Advantages of Getting an Installment Loan with EZPaydayCash
Here are the advantages of applying for an installment loan with EZPaydayCash:
Quick Application Process: It's quick and simple to apply for an installment loan from a direct lender online or in person. A government-issued ID, your address, and some basic personal and financial information, such as proof of income, are all that are required.
Fast Funding: After you submit an application for an installment loan, the approval procedure frequently happens fairly quickly. You may be able to find out right away if you qualify for the cash you need thanks to the quick approval decisions provided by many direct lenders. In the event that your application for an installment loan is accepted, you could get the money in your bank account as soon as the same day or within 24 hours.
No requirement for good credit: To obtain an installment loan from a direct lender, you don't need strong credit. Many direct lenders may evaluate extra variables including your income, employment history, and existing debts in addition to your credit score when determining whether or not to approve you. It follows that applicants with bad and fair credit can nonetheless be authorized for installment loans from direct lenders.
Easy-to-manage payments: Payments on installment loans from direct lenders are frequently affordable. The loan can often be repaid by the borrower over a predetermined period of time in fixed monthly installments. Borrowers may find it simpler to budget for installment loans as a result.
With the above mentioned advantages one can apply for an installment loan with us and get instant cash in your checking account provided the documents are all authentic.