Need to borrow 5000 dollars but you want a long term loan, not payday loan that you can slowly pay back? When we want to get a personal loan with low interest rates, most people will think of going to a bank branch to apply for loans. That's logical, given that large and reputable banks often have very competitive rates and a wide array of financial services for retail consumers. Say, if you need money to pay for a new house, you can apply for Wells Fargo mortgage loan and when you wish to get a 1 year installment loan, you can approach their bankers to sign up for a personal signature loan. In both cases, it is important that you have a good credit score as mainstream lenders often rely on checking your credit history when underwriting loans to potential customers. Therefore if you have a bad credit score, it is going to be hard for you to get a 5000 dollar installment loan payable over 3 months or longer.
For people with bad credit, other than guaranteed payday loans with no credit check, where else can you borrow money and pay by installment plans? If you are not aware, you may be glad to know that there are high risk loan lenders that give monthly payback loans. As a matter of fact, it is quite common these days for payday loan companies to offer bad credit installment loans on top of their usual offerings, which are payday cash advance.
These unsecured loans enable you to get a 5000 dollar unsecured loan pay back over 3 to 12 months. There is no need to put up collateral although if you are able to pledge some assets, you should be able to bargain and get lower interest rates for high risk installment loans. To qualify for them, you must be employed and provide verifiable income to the lenders. There is no certainty how much you need to earn as there are lenders who will accept unemployed people who are on benefits. The key is to show them that you are generating some income which will go some way to ensure that you have the means to pay them back.
To get a 3 month installment loan today, you can visit our website to apply for it. We are a trusted source for getting legitimate long term loans as we work closely with nation-wide lenders that are accredited and through us, you can be sure that our lenders will offer you a low fee installment loan with flexible repayment plans. We save you the hassle to sift out licensed loan lenders so take action now as our lenders are accepting loan applications today.
Get more information at Installment Loan Lenders.