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    Installment Loans for Bad Credit

    It is an unfortunate truth that life can throw all kinds of unexpected challenges in our direction – and more often than not such issues often emerge at the most inconvenient times. We have all faced that situation where money has been a little stretched but then something else has happened which means we need to pay out once again. It could be an issue with your car or even a washing machine that needs replacing.

    In such situations, some people are able to call on friends and family for support, but others may have to consider auto loans or the best installment loans available to them. However, what happens if you have a bad credit history?

    Seeking financial support with a poor credit score is not ideal but, while it may make the process trickier, it is not completely impossible. Here we answer some key questions on the issue.

    Best Installment Loans for Bad Credit

    • Failed payment fee: $15
    • Day of Grace: 3 days
    • Grace period fee: $25
    • Admin. fee: 0.99% - 5.99%
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    • Accept Co-signers
    • Hardship plans
    • Credit health tool
    • Min credit score of 600
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    • Day of Grace: 10 days
    • Annual income of $20,000
    • Min credit score of 580
    • Administrative fee: 4.75%
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    Is There Really A Guaranteed Installment Loan for Bad Credit?

    When you are seeking installment loans for bad credit, all you want is some kind of guarantee that you are not wasting your time with applications and that – no matter how bad things are with your credit score – you will be approved for support.

    However, in our view, the idea that there is such a thing as guaranteed installment loans for bad credit is a bit of an urban myth. After all, no reputable lender can truly commit to online installment loans instant approval deals. What they can do though is offer some level of flexibility and this can be hugely beneficial.

    Ultimately, the most important thing to do is to thoroughly research all of your options and what the providers out there are able to offer. We would also suggest not just looking at major organizations either, as you may find some more attractive deals at smaller, lesser-known names that you may not have considered before.

    Taking such a step should give you a clear overview of all of the best installment loans for bad credit out there and will allow you to carefully assess your options and determine which is best for your current situation and needs.

    Can I Get An Installment Loan for Bad Credit With No Credit Check?

    Like a guaranteed installment loan for bad credit, an installment loan’s no credit check deal is also something that has become a bit of an urban myth. After all, wouldn’t it be perfect if lenders were providing such support without taking a peek at your credit history? Of course, as the old saying goes, if something sounds too good to be true it probably is – and that’s certainly the case when it comes to the idea of seeking installment loans online for bad credit which come without a credit check.

    You should expect that every online lender will check your credit score when assessing whether to provide you with financial support, as the step has become a fundamental part of the process through the years. In fact, if you were to discover a long term installment loans no credit check offer, then that should send alarm bells ringing as to whether the provider can ultimately be trusted.

    Put simply, any reputable provider should do it and if they do not, you should seriously consider whether you should go ahead with taking up an offer of installment loans for bad credit. It may be tempting, but you should always take absolute care.

    Best Installment Loans for Bad Credit

    So, as we have already touched upon, it can be tough to find a lender that offers installment loans for bad credit. However, a little bit of research can go a long way and here are just a handful of options that we have found which could be useful.