Bad credit installment loans have been designed for those people who need fast cash immediately. What is their difference from payday loans you may ask? The main feature of this type of loan is that they are for those people who have bad credit history and bad credit scores. Loan providers perfectly understand that there area lot of people who would apply for cash loans if they had proper credit history.
The nature of bad credit installment loansAs well as other fast faxless loans, this type of loan is applied online, which makes them extremely very convenient. The procedure is very prompt. You only have to provide to the lender some personal and employment information and submit the application.
Are there any requirements?Yes there are some, but they are quite easy to be complied with. Here they are:
1. The applicant must be at least 18 years old.
2. The applicant must be a citizen of the USA.
3. He or she must state the current residence.
4. He or she must state full social security number.
5. He or she should be constantly employed.