You need a fast personal loan with immediate approval, but every time you see an online payday loan advertisement, they only allow you a 30 day loan and you know you are not likely able to repay it within 1 month. Sure, they do allow extended paybacks on these same day approval payday loans, but each loan extension for another 30 days will cost you extra. In cases like this, you should understand that 30 day payday loans with extended payback are not for you if you need a long term solution to your credit needs. What is probably a better option for long term cash is to use a long term personal loan with installments and for that, you could do with the services of online installment loan companies with immediate approval.
These online installment loans with immediate approval work on the same principal as instant faxless payday loans. You go to the websites of installment loan companies and submit an application for a paperless personal loan with no credit check and within minutes, you can get an answer if your unsecured loan with installments is approved or not. A quick search on the Internet will bring up several of these installment loan companies with immediate approval but because there are just so many of these, it is difficult for someone who has never used a short term payday loan with no doc needed to know which loan lending company is legit or not.
My advise is to always stick to legitimate loan companies that are accredited by BBB or Better Business Bureau and large reputable loan lenders with a large presence in US. For example, you could try out the services of payday loan websites like ChecknGo, AdvanceAmerica or AlliedCash. These 3 are amongst the biggest payday loan lenders with online installment loans.
However, do note that not all states in the US are offered monthly installment loans with immediate approval. For Checkngo, residents of Missouri, South Dakota, Idaho, Alabama, Delaware, Wisconsin, California and Utah are not able to apply for online installment loans through the website. Whereas in the case of AlliedCash, payday installment loans for $2500 are usually only offered exclusively for theirs customers that are in good standing with them.
As you can see, not all installment loan companies offer the same type of online personal cash advance with installments and there are other factors which may prevent you from getting a low cost payday installment loan. As always , it is good practice to browse the websites of online loan lenders with instant approval to compare the rates and availability of these long term cash loans with bad credit so that you can find the best loan company that can give you a low cost installment loan instantly.