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Learn the advantages and disadvantages of installment loans

8 Super Advantages of Installment Credit

Updated on January 16, 2023

 Loans

There are advantages of installment credit when you are in a tough financial situation. Installment loans are a short-term option you could consider. You can get cash to avoid utility shut-offs, insufficient fund fees and other late charges. Here are eight advantages of poor credit installment loans.

Advantages of Installment Credit

Fast Application

The application can be filled out online or at one of our CASH 1 loan places near you. It only takes a few minutes if you have this information readily available: Proof of income, open checking account, government issued I.D., you'll need a permanent address and at least 2 personal references that do not live with you. We have a few restrictions that may limit your ability to get a loan: You must be 18 years old or older, you can't live in a weekly or extended stay and you can't be an active member of the U.S. Military.

Affordable Amounts

Your income has the final word on how much you can borrow. Some people may be tempted to loan more than they can afford, but we have predetermined mathematical algorithms that will limit the amount you can borrow so you can avoid a cycle of debt.

Qualify With Ease

There are no traditional credit checks and your loan amount is determined by your income. If you haven't defaulted with another Installment Loan company and have a consistent income you should have your emergency cash in as little as 15 minutes. If you need more money in Arizona or Nevada you can use your car as collateral and apply for a title loan.

Flexible Payment Plans

Installment loans for poor credit have flexible payments to meet your financial needs. Installment Loans reno nv have a payoff period of up to 90 days. Nevada or Arizona Title Installment Loans have a repayment period not to exceed 210 days. You can pay off any of these loans early without any prepayment penalty. Your pay date will determine if you make payments weekly, bi-weekly, or monthly.

No Restrictions on How to Spend

Your installment credit money can be used for anything. We do suggest that you borrow responsibly and use your loan for emergency financial situations. You do need to consider your income and how much you can realistically pay back without putting stress on your current budget. You should always put some amount of money towards your balance every time. That little extra will lower your balance and interest you owe, which will decrease your payment. If you don't pay your principal down you will end up paying much more in the long term.

Convenient

CASH 1 stores are open later than banks usually until 9PM which gives you the opportunity to get a loan after or before you go to work. In Reno or Las Vegas our stores are open from 8am to 9pm Monday to Saturday and 10am to 5pm on Sundays. The Arizona stores are open from 8am to 9pm Monday to Saturday and 10am to 6pm on Sundays. You can also get pre-approved by phone or online for an installment loan in Utah, Arizona, or Nevada.

CASH 1 Is an Installment Loan Direct Lender

CASH 1 is an Installment Loan direct lender for poor credit or no credit at all. You deal directly with The CASH 1 team. They consist of over 200 specialized and highly trained employees. They will provide you with a first-class experience for installment loans and any of our loan services. If you have any issues with your service you can call (888) GO-CASH1 or email.

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