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Why Long Term Installment Loans with No Credit Check
If you know a little about the money lending industry, one thing you notice that more and more financing companies are offering long term installment loans with no credit check. Most of them traditionally have been payday lenders. Why so? Because payday advances are expensive and do not offer a repayment term that is desirable. Since trusted lenders like CashTodayExpress have started offering long term loans (up to 3 months) with no credit pulling where higher amounts (up to $1,000) can be borrowed easily, debtors are going for easy installment loans where repayment can be done in multiple small fractions. These loans also offer lower rates and due to longer terms, reduce the chances of any penalty charges. Simultaneously, by making scheduled payments one can improve credit status after availing a personal installment loan.
The Logic Behind Long Term Installment Loans for Bad Credit
As much as you are happy that you can take out a long term installment loan for bad credit from us, you might be wondering why we take the risk of funding people without establishing their creditworthiness. In fact, we are not funding anyone blindly. We rather check what matters more, and that is- the present income level. It has been established that sometimes credit scores might be faulty because of non-reporting of payments by previous lenders. That is why we do not bother to run through your credit. In such a case having proof of income matters more. Relax, it does not have to be high. Since you can pay off the debt in several installments, your income level can be low- although it has to be stable. Making small payments towards our long term online loans also gives you a chance to save a bit.
Applying for Long Term Loans with No Credit Check from Direct Lender?
Are you applying for a long term loan with no credit check from a direct lender? Don’t know about others, but here at CashTodayExpress we ask for very minimal information to give you an instant approval which assures fast funding on the same day. Those are-
- Social Security Number
- Valid checking account
- Age proof sowing 18 or more
- Income proof
- Contact information
It takes only 3 minutes to apply for a bad credit long term installment loan online from a phone or computer. Without any delay apply now and we will inject cash into your checking account right away!