What is an installment loan?
Installment loans are small unsecured loans, usually offering longer payment terms and lower interest rates and fees. Loans typically range from $500 to $10,000 and can be dependent on the borrower’s state, as well their credit score, employment and loan history. They are also known as personal or signature loans because there is no collateral required to be approved.
How we can help?
Trusted installment loans helps borrower get a loan by using fast and easy application process. . Save time and energy by getting matched directly to a Lender who meets your criteria, while keeping your information safe and secure. All of the Lenders in our network adhere to responsible lending practices and are committed to providing a quality financial product. . By searching for an installment loan through Trusted Installment Loans , you can be sure that your application has been reviewed by the leaders in the installment loan industry. Get matched with a Lender who understands your specific financial needs. Apply now and get cash for:
- Medical Bills
- Home or Auto Repairs
- Planning a Vacation
- Financial Emergencies
- Or any other unexpected expense
What are the requirements for a loan?
The minimum requirements for an installment loan are:
- You must have an open bank account that uses direct deposit.
- You must be over the age of 18.
- You must be actively employed or have a regular source of income.
- You must provide accurate and truthful information when completing the application, including Social security and bank number to allow for proper identification.4
How do I get an installment loan?
Simply complete Trusted Installment Loans online application and we will attempt to match you to a Lender within seconds.
If you are matched with a Lender, you may be required to electronically sign and agree to the terms of the loan. However, there is no obligation to accept the loan. If you are not satisfied with the terms of the loan, simply do not sign it, and apply again to find a different Lender. Typically the proceeds of your loan will be electronically deposited into your bank account by the Lender the next business day. You will typically have the ability to choose the payment option that works best for you. All payments are processed by your Lender by electronic transfer from your bank account.
How long do I have to pay back the loan?
Repayment terms are dependent upon the Lender you are matched with. We require that our Lenders offer a minimum of 60 days for repayment terms. You will be presented with the loan documents specific to your loan prior to finalizing the process. Please contact your Lender directly if you have repayment questions.
What happens if I do not pay back the loan?
It is important to review the repayment terms as outlined by your Lender, and to make every effort to repay your loan on time. Repayment terms are scheduled with the Lender, and typically occur monthly or once every two weeks, dependent on the length of your loan. Non-payment of credit could result in collection activities. Each Lender has their own terms and conditions. If you are matched with a Lender, please review their policies for further information.
How do I receive my cash?
Once you have been approved for a loan and accepted the terms provided to you, the Lender will wire funds directly into your bank account. Funds will typically be wired into your account by the next business day. If you apply on a weekend or holiday, the money will be sent to you by your Lender the next business day.
How quickly can I get my money?
Installment loan Lenders typically process the loan immediately so that it will be available in your account the following business day after the loan is approved. Lenders can wire the money to your bank account in one business day. If you apply on a weekend or holiday, the money will be sent to you by your Lender the next business day.
What hours is your service available?
We accept applications 24 hours a day, every day of the year. However, once your application is provided to a Lender, sometimes its procedures require additional verification which can only be done during normal business hours. Please keep in mind that the Lenders can only electronically deposit money to your bank account on days when your bank is open.
You can submit your application to us at any time 24 hours a day 7 days a week. However, since we only match you with Lenders who are available to help you in real time you may be more likely to find a Lender during normal business hours (Mon-Fri 8 am – 5 pm EST) since not all Lenders operate on weekends and holidays.
What if I do not get approved by the Lender you matched me with?
Trusted Installment Loans works with a vast network of installment loan Lenders; however, we cannot guarantee that you will receive the loan you need. We do our best to match your application with a Lender likely to provide you with a loan. However, most Lenders utilize proprietary criteria to evaluate applicants and may not approve all accepted applicants. Trusted Installment Loans is not involved in the loan approval process and therefore we do not have knowledge of the status of your loan. Please contact your Lender directly for loan approval status. If you do not get approved for a loan with the Lender you were assigned to, you may re-apply by going to the Returning Customers link on this website. We will attempt to match you with another Lender.
What if I only have a savings account?
We have several Lenders in our network that can lend you money even if you only have a savings account. Please contact your bank to get the routing number. This is needed in order to electronically transfer the loan funds to your account as well for repayment of the loan.
Does your company do credit checks?
Trusted Installment Loans is not a Lender and we do not perform any type of credit check. We try to match your application to Lenders in our network in order to find the right loan for you. As a condition of extending credit, the Lender you are matched with may run a credit check with major credit reference agencies.
I am ready to get an installment loan! Where do I go to apply?
Great! You can go to our online loan application and sign up today!