Top 10 Personal Installment Loans FAQ’s
Personal Installment Loans can be a cheaper alternative to credit cards, and they can help you in financing any expenditures that life inevitably brings, all the while allowing to save money on interest.
Whether considering a personal loan to pay for debt consolidation, a home reparation, an upcoming vacation, or a cross-country move, it’s normal to have many questions about many aspects involving taking out an Installment Loan.
To help people get ready for a new personal installment loans Texas, Lend You Cash has compiled the most common questions about this type of loan.
What Is a Personal Installment Loan?
It is a short-term loan that is repaid over time with a fixed number of scheduled biweekly, semi- monthly or monthly installments of equal amount.
What is a Direct Lender?
Direct lenders are a good choice for personal loans that traditional banks don’t want or decline. They are much more flexible in terms and loan requirements than banks. Also, most of direct lenders are available Online. Lend You Cash is a direct lender for Personal Installment Loans Texas.
What can Installment Loans be used for?
There is no obligation on the use of these shot-terms loans. A visit to the hospital, the repair of your home or car, or to pay for a trip here are some of the most common uses for personal installment loans:
- Money Emergency and unexpected expenses
- To pay due utility bills
- Car Repair
- Medical Bills
- Vision Expenses
- Dental Expenses
- Pets Emergency
- Appliance Repair or Replacement
- A/C Repair or Replacement
- New Electronics
- Moving Costs
- Home Repairs or Improvements
- Funeral Costs
- Wedding Expenses
- Seasonal Expenses
- Travel And Vacations
- Credit Card Debt Consolidation
What is the fee for any online application?
As a reputable lender online, Lend You Cash provides fee free personal loans. Hence there is no application fee. Be careful of Websites or “Lenders” that ask for application fees or upfront fees or payments to get a loan approved; It’s a big red flag or a scam.
What Unsecured Personal Installment Loans Advantages are?
Undoubtedly this is one of the simplest ways to pay any expenses you cannot cover immediately. The following are the key advantages of unsecured Personal Installment Loans even for people with bad credit:
How much Money can I borrow on direct Personal Installment Loans?
Are Installment Loans available on weekends?
Yes! However, any loan requested on Friday after 6:00 PM EST will be processed on the next business day which is usually Monday- unless it is a holiday.
How to get a Direct Lender Installment Loan?
Personal Installment Loans are as simple to secure as any other short-term borrowing. To apply for a quick loan with installment payments, you need to:
- Be minimum 18 years old
- Be permanent resident or US citizen
- Be employed for the past three months
- Provide proof of a steady income
- Have an active bank account
- Have a valid contact phone number and email address
Applying with Lend You Cash Does NOT Affect Your Credit Score in any way or form.
How Long Does It Take to Get Approved for Personal Installment Loans?
Almost instantly! Lend You Cash will contact you by phone or email within one hour of loan approval during normal business hours (Monday to Friday, 8:00 AM to 7:00 PM EST). For applications submitted after-hours, we will contact you first thing the next business day. However, due to different state and verification requirements, not all borrowers may be eligible for no credit check and quick approval loans.
How soon can I receive my money?
Can someone with Bad Credit Apply for a Personal Installment Loan?
Yes! Any credit score holder is allowed to apply for personal cash loan. Credit score isn’t a deciding factor, as Lend You Cash primarily consider the borrower’s income when approving loan requests. Therefore, if you can demonstrate that your income will cover the loan payment, there is no need to be concerned.
Even people with poor or low credit score are eligible to apply for our bad credit loans.
How to Apply for a Quick Personal Installment Loan?
Lend You Cash simplified process provides you a decision in minutes. We provide personalized service to help you through the loan process.
Are there any penalties for paying off the loan early?
No. Because these are no prepayment penalty loans. . It is best to contact us through email at firstname.lastname@example.org or call us at 888-743-6229, and we will start the pre-payment process. In fact, you may even qualify for a refund of a portion of the loan’s finance charge.
Personal Installment Loans in 30 min.
Get an Installment Loan to cover your Unexpected Expenses.
You can get up to $1,000 as soon as the next business day.