man with empty wallet

Why Should I Get Utah Installment Loans?

There is a number of situations where you should consider getting Utah Installment Loans — and a handful where you shouldn’t. Here’s how you can distinguish between a situation that calls for alternative loan options and one that doesn’t. 

Put simply, if you can afford to cover your expenses upfront or have other non-loan options to consider, then it’s usually better to exhaust those before you consider anything loan related. If you don’t have financial resources to spare and have little else to rely on, then an installment loan may be the right call.

It’s hard to say in the midst of an emergency what’s best for your situation, but we’ve put together this essential guide to help you know when a Utah installment loan is right for you and why you should get one.

What Makes Utah Installment Loans Different?

First, let’s discuss why you should get Utah installment loans if you’re in a pinch. They can help you cover expenses upfront that you wouldn’t otherwise be able to manage. How you use your loan is at your discretion, but our clients tend to rely on them to cover rent, medical emergencies, auto repairs, or emergency travel, among other things.

In any of these situations, it’s usually better to “umbrella” your debt under one roof for clarity and ease of repayment. After all, one interest payment is usually less costly than multiple—and certainly much easier to keep track of.

getting utah installment loans

In fact, the IRS themselves recommend getting a loan if you’re having trouble paying your taxes since the cost of getting one will always be less than the fees and overcharges that they will issue should you find yourself in arrears.

This is one of the main reasons why you should consider Utah installment loans during a rough patch, but it’s also worth pointing out that an installment loan can give you peace of mind. There’s no stressing about your finances involved. Just a clearly stated, easily understood monthly installment that you’ll need to pay off regularly.

When To Get Utah Installment Loans

We’ve already discussed some specific situations when these financial resources might be beneficial, but it’s worth zooming out a little to look at the big picture. To put it bluntly, if there’s an option available that doesn’t put you in debt, it’s usually better.

Loans will not fix bad spending habits, nor will they improve your financial situation in the long term; instead, installment loans are an alternative short-term option to help you with major expenses and bills. It’s pragmatic to consider the following before you get an installment loan:

  • Renegotiating your bill
  • Tightening the belt on your budget
  • Picking up a second job or side hustle
  • Borrowing from family or friends

These options may not be preferable, but they should be at least considered before you rely on an installment loan. Now, with that being said, installment loans certainly have their place.

Life doesn’t always play fair, and when your insurance balks at paying a major medical bill because of an exclusion in your policy, you may be left up the proverbial creek without a paddle. When that happens, an installment loan can be invaluable to tackle those bills or expenses up front, leaving you with just the installment loan to pay back.

How Can I Get An Installment Loan Through Utah Title Loans, Inc.?

Utah Title Loans, Inc. offers as much as $1,500 on an installment loan—money that can be well spent when put towards medical expenses or other bills. To get started, follow these easy steps:

  1. Fill out and submit the online form provided via the website and expect a call back from a store representative thereafter.
  2. Bring your important items (which we’ll mention in a moment) to the store so that the associate can go through the last stages of approval with you, including some basic paperwork to complete.
  3. Should you get approved, you can have your money that day or on the subsequent business day.

installment loan written on paper

What Will I Need?

In order to apply for installment loans, you will need to have the following with you when you visit the store: 

  1. Driver’s license or state-issued ID
  2. Proof of income via your most recent pay stub
  3. A checking account statement open in your name

Get Your Installment Loan Today

Understanding your emergency options is always prudent, especially when it comes to your finances. Now that you know how this resource works and when to get Utah installment loans, you’re much better off when it comes to disaster preparedness. 

How you choose to use this resource is up to you, but it can be a real boon in times when you just don’t have the money to pay. If that sounds right for you, then head online to see what you could get today!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.