Need A Loan For $1000 But Have Low Income?
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Need A Loan That You Can Pay Back Slowly Every Month?

Already left with no money but payday is still several weeks away? Getting a 500 emergency loan when you have low wages can be handy for fixing a short term financial need and you are really short on cash today, why not consider a cash advance by online payday loan providers? There are a variety of loan instruments that are being offered as non-bank personal loans and while payday loans are one of the most common type, there are other types of unsecured loans which you can enjoy even if you have very bad credit. To name a few, there are unemployment loans online for people without a job, signature loans without upfront fees and in this article, we’ll touch on installment payday loans with minimal faxing required.

What Is A Payday Installment Loan?

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Most of us understand payday loans as an unsecured cash advance that you borrow against your future paychecks. These loans have a very short repayment period since we are either getting paid on a monthly basis or bi-weekly. Which is to say that if you start now for an 1 hour decision loan for 600 dollars, you need to pay it back within 14 or 30 days. Some people may find these deadlines too short as they fear not being able to repay it in such a short time. Fortunately, with payday loans getting more popular and loan companies expanding to offer other types of loan options for people with adverse credit problems, you can actually get long term installment payday loans with extended payback.

Long Term Personal Loans With Extended Payback

A loan with installment payments offers the borrower the ability to take out a larger cash advance and pay the money back slowly through monthly installments. For a tenure ranging beyond 90 days, you can borrow a 6 month payday installment loan with bad credit.

The lending requirements will be fairly similar as an overnight cash advance from an online installment loan company. For example, if you need to get a 500 installment loan with 4 months to pay back, you have to provide documentation to verify your employment status, such as your position in the company, length of service and salary earnings, etc.

If you are an existing customer of a payday loan website, you could check if they offer any long term installment loans with low payments. Your current lender already have your personal information and employment status on records and getting a loan without many faxing can be facilitated quickly as they already have your background details. Besides, not many legit lenders are ready to offer unsecured cash to anyone. If you have already established some trust with them, your case for an online installment loan with extended payback will also have a higher chance of approval compared to a new borrower with no credit history.

Online Lenders For 500 Installment Loans

Interested to get a 500 installment payday loan with low fee? Visit your lenders’ website today to ask for a loan quote or call them directly if they provide the service to get an online payday loan by phone. But don’t commit anything when talking to the customer service representative. Find out first what are the options available for borrowing cash with bad credit and if they offer any discounts for monthly installment loans with easy approval. Jot down these information and use them to compare with other lending institutions to see if you can get a better offer elsewhere.

It is important that you follow through these steps for finding cheap personal loans as getting cash advances from non-bank loan providers can get expensive if you don’t familiarize yourself with the current rate. It is a thriving business providing small consumer loans to people with credit problems and many new businesses will offer a payday loan coupon or discount code to get you as their customer. Just like doing comparison shopping, go through some of the reputable lenders that give 500 dollar installment loans for 6 months before any decision.

Posted June 21st, 2011. Filed under Personal Loans

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One Response so far

  1. Sally says:

    10000 dollar loans are usually long term and you can pay via fixed monthly installments , not many websites provide them though

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