* This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance.
(Ad) An installment loan is a type of loan in which a consumer borrows a certain amount of money at a time. This loan is paid in monthly installments, and the monthly installments are usually a fixed amount during that period.
Online installment loans are generally the best and most recommended secured loans for borrowers with low credit ratings. There’s a reason installment loans are so popular for bad credit. Several online lending organizations are creating great opportunities by connecting borrowers with reputable lenders who offer great services.
Here are our top picks for installment loans for those with bad credit:
- WeLoans – Best Overall for a Large Network of Installment Loans Online
- US Installment Loans – Best for Installment Loans with Low Credit Requirements
- iPaydayLoans – Best for Multiple Installment Loan Offers to Compare
- US Bad Credit Loans – Best for Bad Credit Installment Loans with Instant Approval
10 Best Installment Loans for Bad Credit
WeLoans
WeLoans
Best Online Installment LoansWeLoans is a company dedicated to connecting borrowers with hundreds of reputable online lenders to quickly, easily, and securely apply for and get small-dollar payday loans and long-term installment loans for bad credit to help in the face of emergencies.
As an online broker, WeLoans does not charge you for its brokerage services. The company works with multiple lenders, so there’s a much better chance of finding one that will accept you despite your bad credit history.
WeLoans connects you to lenders offering installment loans for bad credit online. These types of loans come with fixed interest rates and monthly payments, making it easy for you to plan your monthly expenses. You know exactly how much money to put aside each month to cover your fees and any other bills you may have.
With WeLoans, you can easily gain access to lenders who could fix your bad credit history by lending you up to the maximum amount of $35,000 to be paid in installments.
Features
- Hundreds of reputable lenders
- Zero-fee for broker service
- High acceptance even with bad credit
- Everything is online 24/7
- Quick approval and funding
Click Here to Apply for Installment Loans at WeLoans Today!
US Installment Loans
US Installment Loans
Best Online Installment LoansGetting installment loans can be easy with the help of US Installment Loans . The company works with the industry’s leading installment loan lenders in the United States. These accredited lenders are available 24/7 for services, and they will accept your loan application even though you have a bad credit history.
Whenever you are looking for installment loans, the services are at your disposal. Nothing in their process is complicated, and you can get your money as early as the next business day. Excellent customer feedback is also a reality because they strive to provide the best possible service and receive many positive comments from their customers.
The amount you can get ranges from $50 to $35,000, but it’s up to lenders to decide how much you can get after they’ve verified your personal information and credit history.
Features
- Loan broker service specializing in installment loans
- Accredited lenders are available 24/7
- Positive customer reviews
- Fast & easy loan process
- High approval even with bad credit
Get Installment Loans with Instant Approval Through US Installment Loans!
iPaydayLoans
iPaydayLoans
Best Online Installment LoansiPaydayLoans is committed to connecting you with hundreds of trusted online lenders to quickly, easily, and securely apply for and get installment loans to meet life’s emergencies and cover bad credit.
As a loan broker, iPaydayLoans does not accept applications and does not make loans or credit decisions. Instead, they offer a service to link you with a lender in their network. They do not control and are not responsible for the actions or decisions of lenders.
With iPaydayLoans, you can easily find lenders in your area to apply for online installment loans with bad credit by completing the online form and being approved instantly. Once approved, you will have the money in your bank account within 24 hours. The amount you can borrow from an installment loan ranges from $50 up to a maximum of $5,000.
Features
- Reliable online loan broker you can trust
- Long-term partnership with leading lenders
- User-friendly website interface
- Higher approval than traditional lending options
- Straightforward submission process
Get an Installment Loan with iPaydayLoans in Just a Click!
US Bad Credit Loans
US Bad Credit Loans
Best Online Installment LoansAs the name suggests, US Bad Credit Loans focuses on bad credit loans, meaning it can easily find you the installment loan you need despite your poor credit rating. With an installment loan through this platform, you can borrow a large sum of money and repay it with interest in several short installments ― for example, monthly.
The company can connect you to online lenders that offer bad credit loans with guaranteed approval. Many of these lenders also lend to those who don’t have such a perfect track record. Your loan application process can be completed in approximately 15 minutes. Plus, you can be approved and have the money in your account the same day you apply for the loan.
By choosing to deal with this company, you are able to borrow money and request installment payments quickly and easily.
Features
- Expertise in bad credit loans
- Trustworthy lenders in the industry
- Online service around the clock
- Fast & easy loan process
- Totally free broker service
Looking for Installment Loans with Bad Credit? Get Started Right Away!
Check Into Cash
Check Into Cash
Best Online Installment LoansWith over 25 years in business, Check Into Cash provides financial stability and support services needed by consumers in the short-term lending industry. This company also offers bad credit installment loans that are 100% guaranteed.
Check Into Cash’s online loan processes are simple and similar. The amount you can borrow from installment loans ranges from $50 to $1,000, depending on your state’s maximum limit and your past credit history. There is no application fee for any type of loan.
As the granddaddy of the short-term loan business, Check Into Cash could certainly be the safest option for getting your bad credit loan. It has been active in CSFA to ensure that it maintains the highest standards for its customers. In other words, Check Into Cash aims to do good by supporting people in need in your community.
Features
- Solid experience in the industry
- Straightforward loan process
- Higher approval than competitors
Secure Yourself an Installment Loan Even with Bad Credit Today!
MaxLend
MaxLend
Best Online Installment LoansMaxLend is a tribal online lender that offers small, short-term installment loans of up to $3,000 if you’re a repeat customer. New customers can apply for a loan of up to $1,500. This company can also give you an installment loan for bad credit. To qualify, you must have a proven source of income and meet an unspecified minimum income.
Compared to some traditional lenders, MaxLend offers a much lower loan amount and a shorter repayment period. Their minimum loan amounts are as little as $100, and the maximum ranges from $1,500 to $3,000. However, MaxLend is an organization that gives you 100% coverage if you have bad credit and need an installment loan.
Features
- Tribal online lender
- Service available anytime and anywhere
- Fast cash on the same day
You Are Just a Click Away from the Installment Loan You Want!
AceCashExpress
AceCashExpress
Best Online Installment LoansAceCashExpress is the largest owner and operator of consumer short-term lending businesses in the United States. It offers you multiple financial services, including payday loans, installment loans, title loans, check cashing, bill pay, wire transfers, and more. Although ACE offers installment loans for bad credit, these loans are subject to various conditions to be met.
The company has always focused on serving consumers, many of whom are looking for alternatives to traditional banking relationships for convenient and instant access to financial services.
There are over 3,849,459 verified reviews on Consumer Affairs. They use intelligent software that helps the company maintain the integrity of reviews. One factor to consider when looking for cash loans is that ACE’s service is 100% reliable.
Features
- Direct lending retailers offer various choices
- Friendly support services
- Positive customer reviews
Installment Loans at AceCashExpress Are Just What You Need!
BadCreditLoans
BadCreditLoans
Best Online Installment LoansBadCreditLoans is an online company that connects you with lenders who offer bad credit installment loans without too many restrictions. It shows your loan application information to lenders and lending partners in its network so they can decide whether to offer you a loan up to $3,000.
Their service is 100% free. If they can’t find you a lender in their own lender network, they will direct your loan application to their extended network of non-lender third-party networks to help you find a lender in one of their networks.
Plus, PersonalLoans protects your information with advanced encryption technology. They are available 24 hours a day, 7 days a week. Every day they help people who want to get a loan and get information on debt relief, credit control, and other solutions that meet their needs.
Features
- Fewer restrictions
- 100% free online service
- Flexible lending terms
Click Here to See if You Qualify for a Bad Credit Installment Loan!
PersonalLoans
PersonalLoans
Best Online Installment LoansPersonalLoans offers a quick and flexible form to put you in touch with lenders and complete an application with them. If you’ve had some bad luck trying to secure a loan from a financial institution, you should look into bad credit loans offered by lenders at PersonalLoans.
The lenders here are similar to a credit union in that they measure multiple factors of your overall financial health to approve or deny your loan. This is also a more convenient way to borrow as you will likely find many online bad credit loans from personal lenders.
Getting started with an installment loan for bad credit has never been as easy as via PersonalLoans. Just fill out the request form online in a few minutes and multiple offers are on their way to you.
Features
- Competitive rates are available
- Fast & direct money transfer
- Extended network of reputable lenders
Allow PersonalLoans to Get You Connected with Installment Loans for Bad Credit!
SlickCashLoan
SlickCashLoan
Best Online Installment LoansEven though you’ve got a bad credit history, SlickCashLoan can help you get the installment loan you need. When you work with direct lenders in their network, you are borrowing your money from a group of people and not from a commercial bank that treats you as a number.
The lenders associated with SlickCashLoan offer a wide range of lending services to help you take care of your financial situation, including bad credit loans ranging up to $5,000. After a period, you will have to make regular payments until you have paid the full amount.
What’s more, lenders at SlickCashLoan can help you get online bad credit loans within 24 hours and improve your overall financial health. Pay off your debts at a fixed time and at the same interest rate. Your payment will not fluctuate.
Features
- Instant cash within 24 hours
- Wide range of lending options
- Large group of direct lenders
What Do I Need to Consider Before Taking an Installment Loan Online?
Here are a few things to consider before applying for an online installment loan with bad credit.
Loan Terms
It is important to see if you can meet the conditions proposed by the lenders. Use the repayment schedule and the loan term to check whether you can easily repay the loan amount within the specified time.
Interest Rate
Some lenders charge high interest on installment loans, especially for people with bad credit, while others may offer lower interest rates. Many factors can affect the interest rate you are offered, including your credit history and the loan amount. Find out the interest rate beforehand and calculate the exact amount you will repay.
Evaluate Your Financial Situation
Evaluate your financial situation. In order to determine which type of loan is best for you, you should assess your financial situation in advance. Consider all of your routine expenses.
Reason for Loan
It is not advisable to get an installment loan unless you have a good reason to do so. Before you apply for a loan, think about what you will use this money for.
Can I Get an Installment Loan with No Credit Check?
In most cases, a lender offering an installment loan will check your credit history and income to determine if you can afford the loan.
Conclusion
There are reliable online installment loans for bad credit all over the globe. If you were thinking of giving up on your dream because you have a bad credit history, then worry no more because we’ve broken down the process of getting an installment loan from the most outstanding and credible installment loan services that can connect you with reputable lenders.
Finding the right loan service online for bad credit can be quite difficult. However, we’ve listed the top 10 installment loans for bad credit. These loan services may have few to many conditions and may only offer limited amounts.
Ultimately, the 10 services listed above are the most reliable services whose availability is always assured and there is a competitive APR range. This article is the first step to getting an online installment loan that can provide relief.
*This article is provided by an advertiser and not necessarily written by a financial advisor. Investors should do their own research on products and services and contact a financial advisor before opening accounts or moving money. Individual results will vary. Foreign companies and investment opportunities may not provide the same safeguards as U.S. companies. Before engaging with a company, research the laws and the regulations around that service, and make certain the company is in compliance. For comprehensive guidance on U.S. investments and financial regulations, visit the Securities and Exchange Commission (SEC)’s Investor.gov.
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