Installment Loans For Bad Credit

installment loan for bad credit

Do You Need a Payday Advance Online?

If you need emergency cash but have bad credit, you may be considering installment loans. But at My Payday Loan, we’ve got a better option for you. Our payday loans are faster, easier to qualify for, and provide instant cash deposits, making them a great option if you need to get cash fast. Learn more below and see why you should skip installment loans for bad credit and choose My Payday Loan instead.

What Are Installment Loans For Bad Credit? Explaining The Basics

Installment loans are loans that are usually issued for at least a year and allow you to repay the loan in equal, monthly installments, hence the name. They can be issued by banks and credit unions, but are also sometimes offered by online lenders.

While these loans can be useful for some people, they require a reasonable credit score, and your finances must usually be in pretty good shape to get an installment loan for bad credit. This can make it hard to qualify, and also means it takes longer to get the cash you need

That’s not the case with payday loans, which is what we offer at My Payday Loan. This type of loan lets you take out some quick cash and repay it within a few weeks by your next payday, providing you with more flexibility. Let’s look at a few more of the benefits of payday loans vs. installment loans for bad credit now.

Why Choose Payday Loans Instead Of Installment Loans For Bad Credit?

There are a lot of great reasons why payday loans are a better option than installment loans for bad credit, in most cases. Here are just 3 of them.

1: Qualify for a loan easily – As long as you’re 18 or older, employed, and are a legal US citizen with an active checking account, you can qualify for a payday loan at My Payday Loan. This is a lot easier than getting installment loans for bad credit.

2: Get immediate, same-day deposits – We offer same-day cash deposits for all customers who apply and are approved by 11:50 AM Eastern time. This means you can get your cash by 5:00 PM in your time zone after applying with My Payday Loan.

3: Avoid visiting banks or payday loan offices in person – My Payday Loan lets you take out a loan without ever setting foot into a bank or loan office. This saves you time and money and makes

Apply Today To Get The Cash You Need Today

At, we make it easy for you to get up to $1,500 in just a few minutes of completing your application. If you need to get cash fast, our team is always here to help, so apply online today to get started.