US Installment Loans Review: Most Favorable Rates & Terms For Installment Loans With Bad Credit

There is no question that financial calamities can strike at any time and happen to anyone. For instance, a sudden illness or injury can keep you from working, or even your car can break down with no warning. And if you don’t have any substantial savings to keep you covered, it can end up making the entire situation very complicated.

To make matters worse, if you have a bad credit score, securing a loan from a traditional lender like a bank can be almost impossible. However, the good news is that you can use a trusted installment loan service provider like US Installment Loans to connect with the right online lenders.

And given that their partner lenders have been known to give competitive loan offers, we decided to see if they are worth all the hype, so make sure to read our review to find out!

What Does Using US Installment Loans Entail?

As an online credit broker, US Installment Loans does not directly provide funding to borrowers but instead connects them to potential lenders that can offer several kinds of online loans. Some of these include bad credit loans, installment loans, title loans, payday loans, and more.

Whether you need money to pay for a car repair, a medical bill, or even to consolidate some past debt, US Installment Loans is dedicated to helping borrowers of all credit types obtain unsecured installment loans.

Owen Wilcox, the co-founder of US Installment Loans, recently stated in an interview, “With a large number of bad credit borrowers finding themselves locked out of traditional lending institutions, our aim is to simply provide them with another opportunity to access financial assistance.”

In terms of loan amounts, borrowers can typically access funding from as little as $100 up to $35,000 with a term of 90 days to 72 months and an APR ranging from 5.99% to 35.99%. In most cases, you can expect to be offered higher loan rates if your credit score is lower, and vice versa.

Also, you should keep in mind that some lenders may end up charging extra fees, such as origination fees or prepayment fees. It is for this reason that you should never accept a loan agreement before you have read the fine print and understood these additional expenses.

What Are US Installment Loans’ Eligibility Requirements?

US Installment Loans will not turn you away if your credit report happens to contain a few blemishes. So, while most banks would turn you away, you can rest assured that it will not interfere with your chances of getting the cash you need. However, before you are able to submit your loan request, there are a few basic requirements that you need to meet first.

  • You must be at least 18 years old
  • You must be a US citizen
  • You must have a steady source of income
  • You must have an active bank account

How to Secure a Loan Via US Installment Loans?

The application process begins by visiting the US Installment Loans website and filling out the online pre-approval form with your personal and financial details. Aside from specifying the loan amount and your credit rating, you will need to share information such as your name, phone number, social security number, bank account details, monthly salary, etc.

Once you submit the form, your application will be sent to US Installment Loans partner lenders for review. However, since the whole pre-approval process is automated, you won’t need to wait long to find out if you qualify. If approved, you will be presented with a list of loan offers to choose from, each with its own unique rates and terms.

Keep in mind that these offers are not guarantees that you have secured a loan but rather the options that are available to you, based on your current financial and credit situation. You are also free to decline the offers without fear of being penalized.

If you do find an offer that you like, then you can e-sign the loan agreement. However, make sure that you don’t forget to read through the fine print to ensure that you are content with the terms and conditions of the loan. The lender will then process your funds, which should hit your checking account as soon as the next business day.

What Do We Like Most About US Installment Loans?

#1. Free Lending Service

One of the highlights of using US Installment Loans is that, unlike most other similar platforms, it is completely free to use. This means you don’t have to pay anything to submit a loan request, and you won’t even be charged if you secure a loan, as well.

Any costs that you incur will solely be between you and the lender, and they are usually included within the loan terms and conditions.

#2. Reliable and Trustworthy Lenders

While it is true that US Installment Loans has no control over the rates and terms that its partner lenders set, you can rest assured that they have all been vetted. This ensures that you are only ever connected to a loan provider that is honest and trustworthy enough to borrow from.

#3. Quality customer support

US Installment Loans has a dependable customer service team that is both highly responsive and efficient when it comes to helping users navigate their platform. Whether you have questions regarding the loan service, the lenders, or even complaints about difficulties applying for a loan, you can reach them by email. In most cases, you can expect a quick response within a few hours, and the team will provide full disclosure on anything you want to know.

However, do keep in mind that you can only inquire about issues that concern your application. This means that if you have already secured a loan, you will need to contact the lender directly, as US Installment Loans has no influence over lender repayment policies.

Bottom line

When it comes to securing installment loans with bad credit, finding a legitimate funding source can be tricky, so it pays to have a company such as US Installment Loans help you. With their extensive lending network, you will be able to apply for a loan and compare multiple offers within minutes.

On top of that, you won’t need to pay any upfront fees to use the platform, so you generally have nothing to lose by submitting a loan request. Also, you can apply for funding at any time, and since all loans from their lending network are typically processed within 24 hours, this makes it a great place to secure some quick cash.

That being said, you should remember that failure to make payments on time can result in being charged a penalty that could sink you further into debt. In fact, some lenders may even report you to the credit bureaus, which could compromise your chances of securing funding in the future.

In short, US Installment Loans could be just what you need to get your financial situation back on track if used wisely enough.

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