How to Receive Installment Loans with PDLoans247
Rising living expenses have contributed to more people relying on one paycheck to the next to survive. Couple this with an emergency expense and you could find yourself in a difficult situation. Whether a broken-down car, a health issue or school expenses for your children, you need funding fast.
Installment loans are Sought for the Following Reasons:
From a medical expense or property repairs to car fixtures and more. If you are not prepared for a specific expense, you can quickly face financial difficulties.
What is an Installment Loan?
An installment loan is an agreement or contract stipulating a loan that is paid off over time through a certain number of expected payments. Usually, the loan is paid off in a minimum of 2 payments. The term of repayment can range from several months to 30 years. An example of a type of installment loan would be a mortgage loan.
This concept is most linked to classic consumer loans that are issued and processed on the spot and repaid over a long period through planned payments of the principal and interest. Such “installment loans” are recognized as safer and more affordable than title and payday loans, and also compared to open-ended credit, for example, credit cards.
In 2007, the USDOD released installment loans from legislative prohibitions against predatory lending to military staff and their families. The report recognized the need for security of access to favorable installment credit while shutting down less secure types of credit.
Lending has existed for a very long time and in various forms. The payment of interest on loans in installments can be traced as early as the VI century B.C. in such old contracts as the well-known contract for a loan dated by ~550 B.C.
A type of installment agreement, different from a loan, is the purchase of durable goods on credit. Such a process is most often referred to as “installment sales” rather than “installment loans”. In 1807, installment sales of durable goods were first offered in the USA by Cowperthwaite & Sons, a furniture shop that started operating in NYC. The store soon began providing clients with installment loans for the buying of furniture.
In the next few years, the installment plans described began to be used by furniture retailers in other cities in the United States. The most famous installment plans that the Singer brand used to finance the purchase of sewing machines were extended from 1850. After that, other companies began to use installment payments. In 1899, more than half of the furniture companies in Boston began using this type of loan. Near 1890, installment loans were frequently used to finance sewing and washing machines, radios, refrigerators, phonographs, vacuum cleaners, jewelry, and clothing. By 1924 about 75% of cars were being provided on installment loans.
How Can I Receive Approval for installment loans?
If you wish to receive approval for an installment loan , you must supply the requested information:
- Your current home address
- Proof of income
- Your social security number
- Updated information concerning your bank account with acceptance of electronic transfer
Depending on where you are located, we may request specific documentation to verify your residence and your income. Documents can be uploaded on our website or mailed directly to us.
Is There an Office I Can Visit for Loan Application?
We provide our clients with convenience and efficiency. All loans are therefore applied for online. You receive instant approval with money deposited straight into your bank account.
Are You Available for Loan Application 24 Hours a Day and 7 Days a Week?
Yes. We are an online lender who provides loan application services throughout the year. If you receive approval for a loan before 5pm, your loan could be deposited into your provided bank account in a single business day. If you submit your application on a Friday or before a holiday, it will take longer to receive your loan.
Searching for direct lender installment loans for bad credit?
At PDLoans247, we provide transparent, flexible and fair short term loans you can trust. We do not issue the older traditional installment loan with restrictions and risks. When you choose PDLoans247, you can receive the following benefits:
- Our Loans are transparent. From the terms and conditions to the interest rates, we look out for our customers.
- With our online application, you can receive your funding in the very comfort of your home.
- Our dedicated team can assist our US customers with online responses or telephone calls.
- We are available 24/7 for loan applications.
- Our goal is to build a trusting relationship with our esteemed clients.
- With PDLoans247, you could improve your credit score.
|💸 Installment loans*||range from 6.63% to 225%|
- Choose how much funding you need
- Fill in application form. It is simple, secure and fast!
- Wait for Credit Check approval. Our credit checks are clearly stipulated
- Get funds you need
Contact consumer support:
If you prefer applying over the phone, call us at 18668880037
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