Key Things To Know About Short-Term Installment Loans

by | Mar 25, 2019 | Loans & Finance

What is a Short Term Installment Loan?

A short-term installment loan is designed to cover unexpected expenses. It is a lot like a payday loan. However, a payday loan must be paid in full at the time that it is due. An installment loan is paid back over a course of time.

Benefits of Getting a Short Term Installment Loan

You will have a shorter amount of time to pay back a short term installment loan. While this can put more pressure on you to make sure that the payments are made on time, this does have a benefit. You will not have to worry about paying off a loan for years.

It is also easier for you to qualify for a short-term installment loan. If you have a reliable source of income and bank account, then you will most likely be approved for a loan. It is possible for you to get an short-term installment loan even if you have bad credit.

Additionally, short-term installment loans typically have a quick turnaround time. You can typically be approved and have your funds within less than a day.

How Does the Process Work?

The first step in the process is to apply for the loan. You will be able to complete your application online. The next step is to fax, upload or email your proof of income. The final step is to wait for the decision. After that, you can either wait for the funds to be deposited into your account or get the money sent via Western Union.

If you want to get a loan, then you will need to contact Short Term Loans LLC. We will be able to tell you about the options that we have for you. We are happy to make sure that your financial needs are met.

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