Personal or Installment Loans Online

Applying for personal or installment loans online is easy and fast. You can apply at any time of the day or night, have an answer in minutes, and usually have your money in hand within one business day. In some cases, you can have the cash in hand in an hour or less. Before you apply for a cash loan, here are some tips to make the process simple.

Gather Paperwork Before You Apply

Before applying for personal or installment loans online, have all the necessary paperwork in hand. You'll need your SSN or ITIN, a photo ID that's issued by a government agency, a copy of a recent pay stub, and papers that prove your residence like an electricity bill and bank statement. You'll also need your checking account number with the routing number or debit card being used to repay the loan.

Answer Honestly

While there is no credit check involved with a payday loan or installment loan, you still need to be honest. If you lie and find you can't afford the loan, you're still responsible for repayment.

By being honest, the payday loan company can look at your income, the amount you want to borrow, and make sure it's something you can afford to repay. If they determine you can't, you can work with them to get the loan amount lowered to a point where you will qualify.

Pay Attention to the Fine Print

Every payday or installment loan online charges a fee to borrow the money. When you repay the loan, you're paying the original loan amount plus the fee/interest. Make sure you know how much to repay and when it is due. If you have questions, ask them. It's better to ask questions and have a full understanding than not be sure and mess up your repayment.

Don't Hesitate to Reach Out

If you find that the due date is coming up and you haven't gotten all of the funds together, contact the company as soon as possible. It's better to ask for an extension than not pay and have it go to a collection agency.

Most online personal or installment loan companies will work with you on a late payment. If it's allowed in your state, they may extend the loan term by renewing the loan. You'll pay an extra fee, but you'll have more time to repay. They might also take the partial payment and extend the loan for you.

Fill out the application for personal or installment loans online today and have an answer in minutes. Click here to get started.