Best Installment Loans with Bad Credit

• Personal purchases – Use installment loans for a number of purchases including a new car, wedding costs, to start a business, home improvements, childcare, tuition and more.
• Important expenses – You could use the loan in order to pay for any pressing costs such as a funeral, rent, medical bills, pet bills or for any costs related to moving house.
• Emergency installment loans – For those daily unexpected emergencies, installment loans may help with household repairs, car repairs, plumbing problems, boiler problems and more.

Dime Alley offers installment loans across the the US, including the areas which are popular for payday loans including Alabama, California, Colorado, Florida, Iowa, Illinois, Louisiana  Maryland, Nevada, Ohio, Oregon, Tennessee, Texas

With our loans connection service, we will match your loan enquiry with the best US lender based on your location, income, credit score and more, offering you the most competitive rates and the best chance of being approved.

We will also try allocate the best type of product for you, whether it is an unsecured product, or secured against your car or home, or completely alternative products from apps, credit unions, stores, banks, credit cards and more.

Whatever product we suggest, we will aim to process your loan request as fast as possible, with a quick decision and funds available within 24 hours or less.

Installment loans work by allowing customers to borrow a fixed sum over several months, and pay it back over time, usually in equal installments. This approach may be preferred to other forms of fast loans, such as payday loans which only last a few weeks.

Some customers may prefer to receive the money upfront to pay for an emergency and have several months to pay it off, with the option to repay early if they would like to.

• Receive a fixed sum upfront – You will be able to borrow an amount based on factors such as your income, credit score and affordability – and you can receive money immediately to pay for any important purchases, personal reasons or emergencies.
• Fixed interest rate – You know exactly how much you are paying each month and at what rate, with no surprises or changes to the rate during the loan term. This can give you peace of mind and therefore you know exactly how much to budget for.
• Early repayment – You can repay early at any time and often save money because less interest is being accrued overall.

Good credit: Borrow $30,000 at 10.99% APR for 60 months. Interest to pay: $652.12 per month. Total to repay: $36,652.12

Bad credit: Borrow $1,000 with 100% APR over 12 months. Total interest: $620 per month. Total repayment: $1,620

The information you need to apply includes:

Yes, you can apply for an installment loan with Dime Alley as long as you meet the following criteria:

With most of the products being unsecured installment loans, you can typically enter your details along with how much you wish to borrow and how long for – and you will be able to get an instant approval on the screen. This amount of information is sufficient for our lenders to check your credit score and eligibility for a loan. Once subject to further checks and approved, you can receive funds usually within 1 hour, 24 hours or the same day of applying.

Yes, we offer installment loans for bad credit histories, so even if you have been turned down elsewhere, we have a number of options available for you. To be eligible, you must be in regular employment and have a stable income and you are committed to repaying your loan on time.

Whilst traditional unsecured and payday loans will need you to have a good credit score, our installment lenders are designed to work with people who have bad credit and very poor credit too.

By making multiple repayments, it allows you to spread the costs over time which can be more suitable for those with bad credit scores. Plus, we have a number of options including secured and title loans which allow you to leverage any collateral or assets you have to borrow money.

Yes, it is possible to get guaranteed installment loans, since Dime Alley works with such a large panel of lenders that we are always able to give you some kind of loan offer or decision. The best products will be unsecured and carry low rates starting from 6% APR, with a number of other options such as payday loans, credit unions or secured loans for those with bad credit.

A loan however is never fully guaranteed, since this will always be subject to final checks, which could involve a phone call to confirm some information, proof of income via a pay stub or bank statement and sometimes proof of your employment.

If you are looking for installment loans without checks, this is possible, since we offer products that involve using collateral or assets to be eligible, such as those secured against your home, apartment or car.

For no credit check loans, You will still need to be employed either full-time or part-time and have a regular income to show that you can afford to repay your loan without falling into financial difficulty.

Unsecured installment loans – your installment loan is not secured against a property or other collateral such as your car (with title loans). Your eligibility is based on income, employment and credit score and if you cannot repay, it will negatively impact your credit score, but you will not lose any valuable assets.

Personal installment loans – For personal expenses and purchases including home improvements, buying a new car, debt consolidation, weddings, holidays, parties and more – this is for you as an individual borrower and not on behalf of your business or similar.

Secured installment loans – This is a loan repaid over several months or years which is secured against a valuable asset that you own, such as a car or home. You will be able to borrow a percentage of the asset’s value (e.g 25%) and if you struggle to repay, your lender may be able to stake a claim in the asset or repossess it.