What You Don't Know About Getting Installment Loans For Bad Credit

November 3, 2021 | Mason Roberts

installment loans for bad credit

When most people think of installment loans for bad credit, they may think of how difficult loans are. And typically, the loans they think of are bank loans which can have a slow and convoluted process that will often take weeks to get through.

Many people never consider other options for installment loans for bad credit, such as the signature installment loans offered in Utah through Utah Title Loans, Inc. Let’s talk about how these loans are different from bank loans.

How Signature Installment Loans Offer Help When Banks Wouldn’t

1. The Credit Requirements Are A Lot Less Strenuous Than A Bank

You stand virtually no chance of being approved for a loan with a bank if you have bad credit. Many banks are becoming quite strict on who they lend to, and even a couple of late payments is enough to result in a rejection.

While you might undergo a credit check at Utah Title Loans, Inc., the credit requirements are a lot less strict than you would have at a bank. We welcome those with good or bad credit. So, you may still be able to get approved for an installment loan if you have a few missed payments here and there. Just because a bank would turn you down doesn't mean that we will too.

2. You Can Borrow Up To $1,500

Many people incorrectly believe that installment loans for bad credit will only allow you to borrow small sums of cash. This is far from the case.

With Utah Title Loans, Inc., you can borrow up to $1,500. This can be enough to cover most types of emergency expenses, which is one of the main reasons why people take out installment loans in the first place.

quick process

3. The Process Is Faster Than You May Think

Head to a traditional bank and you would be lucky if you can get the cash that you need in under a week. Most banks take at least 14 days to process any loan applications. This isn't really an option if you have expenses that need to be covered right away.

Many people are surprised when they learn just how fast it can be to get installment loans for bad credit through Utah Title Loans, Inc. In many cases, the in-person process can be wrapped up in under an hour.

And depending on the time of day that you finish the process for your installment loan, you could receive the money that you need the same day. But even if you don’t, you can expect it on the next business day. This means that an installment loan can be an option to cover emergency expenses almost immediately. 

4. You Can Start The Inquiry Process Online

While we will need to meet you in person to determine if you qualify for an installment loan, the process can actually be started online.

You will begin by filling in a short form, after which you will receive a call from one of our team. Only when we inform you of the requirements and answer your questions will you be asked to visit your closest Utah Title Loans, Inc. location.

5. You Probably Have One Of Our Branches Near You

Utah Title Loans, Inc. has locations throughout Utah. As we said, you will need to visit us in person to complete your signature installment loan process. However, because we do have locations throughout the state, you should never be more than a short drive away.

This can help to speed up the borrowing process, as well as make it a whole lot more convenient. 

how to get installment loans for bad credit

How To Get A Signature Installment Loan Today

One of the main reasons why people choose Utah Title Loans, Inc. for their installment loans is due to how efficient our lending process is:

  • You can start by filling in the short online form for Utah online installment loans.
  • One of the friendly representatives from your local Utah Title Loans, Inc. will call you. They will answer all your questions and provide further instructions.
  • You will be asked to head to your local Utah Title Loans, Inc. location. You will need your most recent paystub, government-issued ID, and a checking account statement in your name.
  • We will review your documents and carry out a few final checks.
  • If you are approved, you will be asked to sign a few forms.
  • You can receive your money as soon as the same day or the next business day.

The in-person meeting should take no longer than 30-minutes.

Considering An Installment Loan? Fill In An Inquiry Form Today 

If you need to cover emergency expenses, know that installment loans for bad credit can actually be an option. You don’t have to stress about the length of the process or how complicated it may be when you work with Utah Title Loans, Inc. Fill in an inquiry form today to start the process.