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Bad credit installment loans are proper for people who need fast cash but cannot afford to repay it in one lump-sum and may have sub-prime credit. They come with a fixed interest rate and are repaid in a series of monthly or bi-weekly payments.
A revolution of the digital age, online installment loans are the newest sources of ready cash for those in need of installment loans for bad credit. This is not a peer-to-peer lending service, and cuts through the bureaucracy you often find in banks.
The Best Guaranteed “Installment” Loans for Bad Credit Named for the method of repayment, installment loans are repaid through a series of regular, set installments — typically monthly payments.
What is a Guaranteed Loan? A guaranteed loan offers near-automatic approval without even performing a credit check on the applicant. So if your credit score has suffered and you need financing, you could likely get approved for a guaranteed installment loan for bad credit.