installment loans direct lenders

If you’re in need of emergency cash, and you’ve been thinking about taking out a title loan or a payday loan, think again! There’s another loan option that you can choose if you’re in need of quick cash.

An installment loan from a direct lender is often a better alternative to other types of loans. Wondering what the benefits of an installment loan are, and why you should choose an installment loan over a payday loan or other alternative? Check out the top benefits of installment loans below!

Fixed Monthly Payments Offer More Flexibility

While a payday loan may seem like a good way to get quick cash, it can be quite difficult to repay your payday loan if you do not take care of your finances – and this can result in serious damage to your credit, bank overdrafts, and more.

Because the entire amount of the loan – and the service fees – is usually due in full after two weeks, it’s entirely possible that you will miss your payment, and this can be disastrous.

In contrast, installment loans from direct lenders let you pay the entire balance of your loan, plus interest and service fees, over a period of 3 months, 6 months, 10 months or longer. This means that you will more easily be able to make payments, which protects your credit and your finances.

You Can Get A Higher Loan Amount

Most payday lenders only let you take a loan of about $700 the first time you get a loan, though they may let you get a loan of up to $1,500 or more if you’ve got a good repayment history and are a good customer.

While this is fine for emergency expenses like minor car repairs and groceries, it may not cover larger expenses – such as an emergency roof repair, furnace replacement, or a serious mechanical problem with your car, like a damaged transmission.

An installment loan from a direct lender allows you to get a higher loan amount, which can be helpful when serious, unexpected expenses occur. And because the payments are made monthly, it’s still easy to repay a high-value loan.

Fast Application Process & Cash Deposits

Online installment loans from a direct lender allow applicants to quickly get the cash that they need. With simple online applications, easy-to-understand requirements, and minimal credit/background checks, it’s a great idea to partner with online installment loans direct lenders.

Not only that, your cash gets deposited into your account quickly – in contrast to a traditional lender. Most online direct lenders offer same-day or next-day cash deposits, so you’ll be able to access your emergency cash quickly.

This way, you’ll be easily able to cover your emergency expense, and repay the loan over time with smaller, easy-to-budget payments. That’s a win-win!

Online Installment Loans from Direct Lenders – A Great Alternative!

Many people are unaware that they may be able to take out an online installment loan from a direct lender, rather than a payday loan or a title loan on their vehicle – and that’s a shame!

Online installment loans are a great way to cover for life’s emergency expenses, and they have a number of benefits compared to both payday loans and traditional bank loans.

So, next time life happens, consider an online installment loan! You’ll enjoy all of these benefits, and many more!

 

Next Day & Same Day Funding cut-off times:

  1. If your payday loan application is received and approved prior to 11:40 a.m. EST Monday through Friday, you should receive the funds the same day by 5:00 p.m. your time (If same day funding requested)
  2. If your payday loan application is received and approved after to 11:40 a.m. EST Monday through Friday, you should receive your funds by the next business day.
  3. If your payday loan application is received and approved Saturday or Sunday, you should receive your funds Monday or the next business day by 5:00 p.m. your time (If same day funding requested)
  4. If your payday loan application is received on a bank holiday, your application will be reviewed and approved the next business day.

Mypaydayloan.com – Hours of Operation for Customer Service

  • Monday – Friday from 9:00 a.m. to 12:00 a.m. EST
  • Weekends from 9:00 a.m. to 6:00 p.m. EST

 Contact us at: (888) 269-2303