When you need a 1000 dollar loan for 3 months, it is better to find a 3 month loan lender as they are more likely to be able to allow you to borrow money with no credit history. Some of you may have tried unsuccessfully to get the banks to give them a 90 day installment loan and the main reason why you are constantly turned away could be due to your bad credit history.
So, where can you borrow 1000 dollars cash and pay back after 90 days? With a bad credit history, not many mainstream Internet lenders would lend to you so you have to consider those companies who offer high risk personal loans, such as the ubiquitous payday lenders.
When you need 1500 dollar loans, how is a monthly payday loan with low interest going to assist you? Many online installment loan lenders do offer easy payday loans for more than 30 days. Barring state regulations which do not allow extensions, many lenders are able to offer deadline extensions for your 1000 dollar loan. If you are a new customer, some lenders may even offer you a discount for online cash loans.
Borrowing a same day installment loan is simple. There are only a few criteria to meet. First of all, you should be the legal age of 18 and your salary should ideally be paid to you through direct deposit into your bank account. You need a bank checking account obviously, but even if you don’t, a savings account personal loan is also available, albeit there may be few lenders who are less willing to offer you a cash loan for 90 days with only a savings account.
First time borrowers may not be able to borrow 2000 dollars initially, as the lenders would want to build credit trust with the customers first. However, most applicants should be able to get an instant approval installment loan for 120 days if the borrowed sum is less than 1000 dollars. If you need a 4000 loan, or a 6 month installment loan, needless to say, you will be subjected to stricter criteria, which may or may not include the signature of a guarantor, or be asked to put up collateral deposit.
In a nutshell, getting a small cash loan is possible even if you have very bad credit history. Do your due diligence and try not to borrow beyond your means.