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Installment Loans in the USA
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Cash Advance and other Money Offers in the USA
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Check Into Cash
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Greenlight Cash
Jora Credit
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Loan By Phone
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Credible
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
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Payday Loans USA .online
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Your Faster Payday
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Fast Holiday Loans
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
LOAN RULES, LAWS AND REGULATIONS.
For your convenience we present all the key details in the table below:
| State |
Law status |
MIN Loan Amount | MAX Loan Amount | MIN. Loan Term | MAX. Loan Term | MIN APR | MAX APR | Additional fees | NSF fee | Collateral or guarantor | Number of simultaneous loans | Cooling off period | Rollover | Extension, repayment plan | Default penalties | Bad credit |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North Carolina | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Kentucky | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Alabama | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| North Dakota | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Louisiana | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Alaska | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Ohio | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Maine | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Arizona | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Oklahoma | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Maryland | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Texas | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| California | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Oregon | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Massachusetts | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Utah | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Colorado | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Pennsylvania | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Michigan | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Connecticut | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Rhode Island | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Minnesota | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Virginia | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Washington | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Delaware | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| South Carolina | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Mississippi | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Florida | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| South Dakota | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Missouri | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Montana | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Wisconsin | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Georgia | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Tennessee | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Nebraska | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Wyoming | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Hawaii | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Nevada | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| District of Columbia | legal | $1,000 | $5,000 | 6 months | 36 months | 36% | 60% | Varied | Not stated | None, Unsecured | Not stated | None | Varied | Varied | Not stated | No |
| Idaho | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| New Hampshire | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Illinois | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| New Jersey | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Indiana | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| New Mexico | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Iowa | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Kansas | legal | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Arkansas | restricted | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| Vermont | restricted | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| West Virginia | restricted | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes | ||||||||
| New York | restricted | $1,000 | $5,000 | 90 days | 36 month | 225% | None, unsecured | Yes |
| State |
Law status |
MIN Loan Amount | MAX Loan Amount | MIN. Loan Term | MAX. Loan Term | MIN APR | MAX APR | Additional fees | NSF fee | Collateral or guarantor | Number of simultaneous loans | Cooling off period | Rollover | Extension, repayment plan | Default penalties | Bad credit |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North Carolina | available | None | None | None | None | 36% | Not limited | None | None, unsecured | None | None | None | None | None | Yes | |
| Arizona | available | None | n/a | None | None | 36% | 5% fee | None | None, unsecured | Not stated | None | Not stated | Not stated | Not stated | Yes | |
| Maryland | available | $100 | $1000 | None | 31 days | 33% | None, unsecured | Not stated | Yes | |||||||
| Massachusetts | available | None | n/a | None | None | 23% | $20 administrative fee | None | None, unsecured | Not stated | None | Not allowed | Not allowed | Criminal actions are prohibited | Yes | |
| Pennsylvania | available | $100 | $1000 | 7 days | 31 days | $9.50 for $100 borrowed | $1.50 service charge | None | None, unsecured | Not stated | None | Not stated | Not stated | Not stated | Yes | |
| Georgia | available | $3000 | None | Not set | Not set | 16% | 10% of every $100 borrowed | None, unsecured | Not set | None | None | None | Prohibited by law | Yes | ||
| District of Columbia | available | $0 | $0 | Not stated | Not stated | Not stated | 24% | None | None | None, Unsecured | Not stated | None | None | None | Not stated | Yes |
| New Jersey | available | None | None | None | None | 30% | None | None | None, unsecured | None | None | Not allowed | Not allowed | Not allowed | Yes | |
| Kentucky | legal | None | $500 | 14 days | 60 days | 459% | 1$ database fee | Only one for every defaulted loan | None, unsecured | 2 | None | Not allowed | Not allowed | Criminal actions are prohibited | Yes | |
| Alabama | legal | $100 | $500 | 10 days | 31 days | 300% | Not more than 17.5% of the loan | $30 | None, unsecured | One | 1 business day | One rollover | Repayment plan | 3% a month from the default date | Yes | |
| North Dakota | legal | None | $500 | None | 60 days | 520% | 20%, plus database fee | $20 | None, unsecured | Not stated | 3 days | one rollover | Not allowed | Criminal actions are prohibited | Yes | |
| Louisiana | legal | None | $350 | None | 60 days | 780% | $10 documentation fee, 16,75% of every $100 borrowed | One per loan | None, unsecured | Not limited | None | Not allowed | Repayment plan once a year | 36% per year | Yes | |
| Alaska | legal | None | $500 | 14 days | Not stated | 520% | $5 origination fee | $30 | None, unsecured | Not limited | None | 2 | Repayment plan | Finance charge for every new repayment period | Yes | |
| Ohio | legal | None | $500 | None | 31 days | 28% | None | None | None, unsecured | 1 | 90 days | Not allowed | One repayment plan | Maximum $20 collection charge | Yes | |
| Oklahoma | legal | None | $500 | 12 days | 45 days | 390% | 15% maximum | $25 | None, unsecured | 2 | 2 business days after 5 consecutive loans | Not allowed | Repayment plan made up of 4 installments | Not stated | Yes | |
| Texas | legal | Not specified | Not specified | Not stated | 180 days | 410% | 10% of the loan | $30 | None, unsecured | Not stated | None | Not stated | Not stated | 5% collection fee | Yes | |
| California | legal | None | $300 | None | 31 days | 459% | 15% of the check | $15 | None, unsecured | 1 | None | Not allowed | Voluntary repayment plan | Not stated | Yes | |
| Oregon | legal | None | $50,000, not more than 25% of monthly income | 31 days | 60 days | 36% | None | $20 | None, unsecured | Not limited | 7 days | 2 renewals | Allowed | Not stated | Yes | |
| Utah | legal | None | None | None | 10 weeks | Not limited | Not limited | $15 | None, unsecured | Not limited | 1 day | Not allowed | Once a year repayment plan | None | Yes | |
| Colorado | legal | None | $500 | 6 months | Not set | 20% | APR 20% for $0-$300 plus 7.5% for $301-$500 plus 45% for each year, plus monthly fee of $7.50 per $100 up to $30, after first month. | $25 | None, unsecured | One | None | One rollover | Not set | Amount of a loan, plus attorney fee in case of a court | Yes | |
| Michigan | legal | None | $600 | None | 31 days | 390% | $15, verification fee of maximum 15% of every $100 borrowed | $25 | None, unsecured | 2 | None | Not allowed | Repayment plan | $15 for installment payback plan | Yes | |
| Rhode Island | legal | None | $500 | 13 days | Not stated | 260% | $10 | None | None, unsecured | 3 a year | None | One rollover | Not stated | None | Yes | |
| Minnesota | legal | None | $350 | None | 30 days | 390% | $5-$15 | Only one per loan | None, unsecured | Not limited | None | None | None | Not stated | Yes | |
| Virginia | legal | None | $500 | 2 repayment periods | Not stated | 687.76% | $5 verification fee | $25 | None, unsecured | 1 | 1 day | Not allowed | One repayment plan in 4 equal installments | Not stated | Yes | |
| Washington | legal | None | $700 | None | 45 days | 390% | 15% | Not stated | None, unsecured | 8 loans a year | None | Not allowed | Repayment plan for 90-180 days | Criminal actions are prohibited | Yes | |
| Delaware | legal | None | $1000 | None | 60 days | Not limited | Not limited | None | None, unsecured | 5 loans a year | None | 4 rollovers for each loan | Not stated | Not stated | Yes | |
| South Carolina | legal | None | $550 | None | 31 days | 390% | 15% maximum | Not more than $10 of a check | None, unsecured | Not limited | 2 business days after 8 consecutive loans | Not allowed | Repayment plan once a year | Not stated | Yes | |
| Mississippi | legal | None | $500 | None | 30 days | 520% | $20 on average | $30 | None, unsecured | Not specified, but no more than $500 in total | None | Not allowed | Voluntary repayment plan | Not stated | Yes | |
| Florida | legal | None | $500 | 7 days | 31 days | 419% | 10% of every $100 borrowed | None | None, unsecured | Not set | None | None | None | Prohibited by law | Yes | |
| Missouri | legal | None | $500 | 14 days | 31 days | can reach 1950% | Not stated | None | None, unsecured | Not limited but no more than $500 from a lender | None | 5 rollovers | Not allowed | Criminal actions are prohibited | Yes | |
| Wisconsin | legal | None | $1500, not exceeding 35% of your monthly income | Not stated | 90 days | Not stated | Not stated | $25 | None, unsecured | Not limited | 24 hours | 2 | Not stated | None | Yes | |
| Tennessee | legal | None | $500 | None | 31 days | 459% | 20% plus database fee | None | None, unsecured | 3 but no more than $500 | 3 days | Not allowed | Not allowed | Criminal actions are prohibited | Yes | |
| Nebraska | legal | None | $500 | None | 34 days | 459% | $15 | $15 | None, unsecured | None | None | Not allowed | Not allowed | Not stated | Yes | |
| Wyoming | legal | None | Not limited | None | 1 month | 780% | 20% maximum but not more than $20 | None | None, unsecured | Not limited | None | Not allowed | Repayment plan of 4 installments | Not stated | Yes | |
| Hawaii | legal | $1 | $600 | 14 days | 32 days | 459% | Not more than 15% of the loan | $20 | None, unsecured | One | None | None | None | None, prohibited by law | Yes | |
| Nevada | legal | None | Not more than 25% of montly income | None | 35 days | Not limited | Not limited | $25 | None, unsecured | Not limited | None | Allowed | Allowed | Not stated | Yes | |
| Idaho | legal | None | $1000 | None | Not limted | Not limited | Not limited | $20 | None, unsecured | Not limited but maximum $1000 in total | None | 3 rollovers and renewals | Repayment plans for at least 60 days | Not stated | Yes | |
| New Hampshire | legal | None | $500 | 7 days | 30 days | 36% | Not stated | None | None, unsecured | 1 | 60 days | Not allowed | Not allowed | Criminal actions are prohibited | Yes | |
| Illinois | legal | None | $1,000, or25% gross monthly income | 13 days | 120 days | 403% | Not more than $15.50 for $100 borrowed | $15 | None, unsecured | 2 | 7 days | Not allowed | 55 day repayment plan | None | Yes | |
| Indiana | legal | None | $550 | 14 days | 30 days | 390% | 15% of every $100 borrowed | $20, once | None, unsecured | One from lender, two from different lenders | 7 days after 6 consecutive loans | None | 3 extensions, repayment plan | None | Yes | |
| New Mexico | legal | None | $2500, not more than 25% of monthly income | None | 35 days | 416% | $0,50 jf every $100 verification fee | $15 | None, unsecured | Not limited, but not more than 25% of gross mothly income in total | None | Not allowed | Repayment plan for over 130 days | Not stated | Yes | |
| Iowa | legal | None | $500 | None | 31 days | 433% | $16.67 for every $100 borrowed for a fortnight | $15 | None, unsecured | 2 | None | None | None | Criminal actions are prohibited | Yes | |
| Kansas | legal | None | $500 | 7 days | 30 days | 390% | $15 for every $100 borrowed | One per loan | None, unsecured | 1 | Not stated | None | None | Not stated | Yes | |
| Arkansas | prohibited | Payday Loans Prohibited | Payday Loans Prohibited | Small loan rate cap: 17% annually | None, unsecured | Not allowed | Yes | |||||||||
| Vermont | prohibited | Payday Loans are prohibited | Small loan rate cap 18% per year | None, unsecured | Yes | |||||||||||
| West Virginia | prohibited | Payday Loans Prohibited | $2,000 | Small loan rate cap 31% per year | None, unsecured | Yes | ||||||||||
| New York | prohibited | Payday Loans Prohibited | Small loan rate cap 25% per year | None, unsecured | Yes | |||||||||||
| Maine | restricted | None | $2,000 | None | None | 30% | None | None | None, unsecured | Not stated | None | None | None | Not stated | Yes | |
| Connecticut | restricted | None | n/a | Not stated | Not stated | 30.03% | $17 interest | None | None, unsecured | Not limited | None | None | None | Not stated | Yes | |
| South Dakota | restricted | None | $500 | Not stated | Not stated | 36% | None | Not stated | None, unsecured | Not stated | Not stated | 4 renewals | Not stated | Not stated | Yes | |
| Montana | restricted | $50 | $300 | None | 31 days | 36% | None | $30, only one | None, unsecured | 1 | None | Not allowed | Not allowed | Not allowed | Yes |
| State |
Law status |
MIN Loan Amount | MAX Loan Amount | MIN. Loan Term | MAX. Loan Term | MIN APR | MAX APR | Additional fees | NSF fee | Collateral or guarantor | Number of simultaneous loans | Cooling off period | Rollover | Extension, repayment plan | Default penalties | Bad credit |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North Carolina | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Kentucky | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Alabama | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| North Dakota | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Louisiana | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Alaska | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Ohio | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Maine | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Arizona | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Oklahoma | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Maryland | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Texas | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| California | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Oregon | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Massachusetts | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Utah | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Colorado | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Pennsylvania | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Michigan | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Connecticut | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Rhode Island | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Minnesota | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Virginia | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Washington | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Delaware | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| South Carolina | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Mississippi | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Florida | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| South Dakota | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Missouri | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Montana | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Wisconsin | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Georgia | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Tennessee | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Nebraska | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Wyoming | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Hawaii | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Nevada | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Idaho | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| New Hampshire | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Illinois | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| New Jersey | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Indiana | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| New Mexico | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Iowa | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Kansas | legal | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| District of Columbia | prohibited | $5,000 | $35,000 | 6 months | 72 months | 6% | 24% | Not stated | Not stated | None, Unsecured | Not stated | None | Varied | Varied | Not stated | No |
| Arkansas | restricted | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| Vermont | restricted | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| West Virginia | restricted | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes | ||||||||
| New York | restricted | $1,000 | $35,000 | 90 days | 60 month | 450% | None, unsecured | Yes |
Contents:
What is the Difference between Personal, Installment and Payday loans?
NO Credit Check Installment Loans.
How you get an Installment Loan.
Secured vs Unsecured Installment Loans.
Installment Loan Calculator: rates and cost.
What is an Installment Loan?
Compacom.com service offers you to compare and find the best Payday Loan, Installment Loan and Personal Loan companies both online and in-store. There are more than 300 direct OLA certified lenders on the website. Borrowers looking for average amount cash advance should pay attention to Installment loans. They vary in the amounts from $1000 to $5000 and are given for 2-36 months requiring neither a guarantor nor collateral and paid back in fixed equal installments, usually monthly.
It’s usually unsecured, i.e. doesn’t require any guarantor or collateral which makes it even easier and faster to get 1.
Installment Loans - National Consumer Law Center (pdf)
What is the Difference between Personal, Installment and Payday loans?
To choose the loan most profitable in your particular situation you must understand the difference between Payday, Personal and Installment types of cash advance 2. Installment Loans are given in the amounts ranging from $1000 to $5000 for the period of 6-60 months and paid off in scheduled monthly parts. If your financial needs are more serious, apply for a Personal Loan. They are characterized by long terms and rather high amounts of cash advance, up to $35,000. If $1000 is enough to cover your needs and you feel the ability to repay it with your next paycheck – apply for a Payday Loan.
Just to give you some brief information and a chance to compare we present the following table:
| Installment loans | Personal loans | Payday loans | |
| Legal status | legal | legal | Legal in 27 states, with some restrictions in 9 states |
| Amounts | $1000 - $5000 | $5000 - $35,000 | $100 - $1000 |
| Terms | 6-60 months | 6-60 months | 14-30 days |
| Repayment | In fixed arranged repayments | In fixed arranged repayments | With a next paycheck |
| Rates and Fees | 5.99% to 35.89% APR , 5% origination fee | 5.99% to 35.89% APR , 5% origination fee | 300%-750% APR, 10-15% fee for every 100$ borrowed |
| Collateral or guarantor | Not needed | Not needed in most cases | Not needed |
As you can see, Installment Loans are different from personal only by the amount, having the same terms and other conditions. The difference with Payday cash advance is much bigger. It concerns both sums and terms. Payday APR is rather higher while the repayment period considerably shorter. So it’s up to you to decide how much you need and when you can pay it off and we’ll be glad to help you get the money.
- You can’t but agree that when one needs money, he wants it fast and safe. And we understand it better than anyone else. So we do our best to offer convenient reliable service for the borrowers. Applying for an Installment Loan with us you get:
- The unique opportunity to compare more than 300 lending companies both online and in-store.
- Fast and easy application process. It takes just 60 seconds to fill out an application form, which is instantly processed.
- Easy approval, even for the borrowers with bad or poor credit score. 80% of our clients get their money the next business day without doing any paperwork, faxing, doing credit reports, etc.
- Profitable interest rates and other conditions which are legally followed by all our partners. They are all fixed in the written agreement. You get its copy. Study it carefully before signing a contract.
- Convenience of solving your financial problems with one click sitting on a comfortable chair at home. Our 100% online service makes it possible to avoid looking for cash stores, driving, etc.
- Safety and confidence. You can be sure that all your personal information is protected. All our direct partners are verified as reliable and efficient.
- No influence on your credit score. There is usually no hard check of your credit history, no credit report requirement, so taking an Installment Loan won’t harm your score.
- Fully committed service. We work 24/7 and offer loans in all the states.
Bad credit Installment Loans.
When it’s decided whether ti approve you for an Installment loan, it’s necessary to learn how risky you are. To measure it the lenders check your credit score. “A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual”.5
90% of lenders rely on FICO (Fair Isaac Corporation) score. It’s based solely on your credit report and is determined by such factors as payment history, current level of indebtedness, types of credit used, length of credit history and new credit accounts. It ranges between 300 and 850 and divides all the borrowers into 5 groups 3:
| Credit title | Poor | Fair | Good | Very good | Exceptional |
| Credit score | 300-579 | 580-669 | 670-739 | 740-799 | 800+ |
| What does it mean? | You may be rejected. Or you may need to pay a fee or a deposit. | To get approved may be rather difficult and the rates are likely to be higher | You are an “acceptable” borrower | You may get better interest rates from lenders | You will be easily approved for a loan |
The majority of our service visitors are the US residents with a Fair or Poor FICO Credit Score. Such people are not eligible for a loan from banks, credit unions or other official organizations. For our lenders your credit history is not the only important criterion. Your application for an Installment Loan, as well as a Payday Loan or Personal Loan will be considered in any case.
The lender can check your credit report but just in order to decide on the amount you are able to borrow and pay off. Sometimes installment cash advances can even help you to consolidate your debts, pay some urgent bills and improve your credit score.
FICO credit score. Raise your FICO score. Loans to improve your credit.
NO Credit Check Installment Loans.
Every time you apply for a loan, you are subject to a credit check. It’s not a must but is included into the lender’s rights. As they consider your application they firstly will inquire some information from you on the phone or the Internet concerning your income, liabilities and assets. If these data satisfy their approval conditions, they may request a credit check which will be the key factor whether to give you a loan or not.
Credit checks, or inquiries can be soft and hard. It’s soft in case you check your own credit score or the lender preapproves you for a loan. If it’s already the matter of making a lending decision, it’s hard inquiry. They usually occur when you apply for any kind of loan 4.
Soft inquiries can occur without your permission, but don’t worry – they won’t affect your credit in any way. Hard inquiries are made only with your allowance. It’s usually a typical part of a lending process. They can slightly lower your credit score and will stay on your report for two years. Payday and Installment loans are usually granted without hard check, thus not affecting your credit history.
How you get an Installment Loan:
"Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame". Muhammad Yunus
That's why if you can't get approved for a loan by a bank or credit union or other traditional financial institution, a good option is bad credit unsecured Installment Loan. All the process of taking an installment cash advance is very simple, safe and convenient. It consists of several steps and takes less than 24 hours from applying for a loan to getting it. Using Compacom you have two main options:
1. Choose the amount you need, it will mainly determine whether Payday Loan, Installment Loan or Personal loan will suit you better, compare all the direct partners offering this kind of cash advance, learn their rates, terms and fees and choose the most suitable, reliable and profitable from your point of view.
2. Fill out a simple free application form online and get instantly connected with more than 300 direct lenders both online and in-store to get their approval and have the money deposited into your account in less than 24 hours.
- Both ways are easy, quick and safe.
- Application doesn’t involve any obligations to accept a loan.
- There is no prepayment, it’s absolutely free.
- Be sure all your personal information is protected.
In order to get $5000 Installment Loan you just need to meet some simple requirements of our direct lenders. They are:
- Being over 18,
- Being the resident of the United States,
- Working in the US,
- Having a valid bank account under your personal name,
- Having a stable income.
What is really cool about Installment Loans is that all of them will be considered and for those of you who have a Bad Credit history there’s a definitely good chance of being approved. Besides applying doesn’t affect your credit anyhow.
Secured vs Unsecured Installment Loans.
All loans sre devided into secured and unsecured depending on whether you back it up with some guarantor or collateral. 6
Installment Loans are absolutely unsecured. They are lent without any collateral, which may be required in case of a mortgage or a car loan to pledge a security for loan repayment. Our direct lenders don’t ask you for a guarantor either. You don’t have to feel embarrassed asking friends or relatives to sign up for you. You don’t have to ask your friends or relatives to sign up for you. Still you need to be careful and read the agreement carefully before signing as some companies may have different conditions.
Installment Loan Calculator: rates and cost.
"No loan is free. The costs are in your loan somewhere, maybe rolled into the amount to be refinanced or even coming at a higher interest rate".
Installment Loans are one of the most convenient cash advances to pay off. The amounts are rather small, and they are distributed over a reasonable period of time. You repay the loan in arranged fixed installments. You are always prepared for these expenses, so it’s easier for you to calculate the budget and to make sure you’ll be able to make the payments on time. Use our calculator to find out the total cost of your INstallment Loan:
Personal Loan Calculator
Paying off in advance is not a problem either. There are no prepayment penalties or additional fees. Just on the contrary, doing so you can make your debt smaller.
Lorraine Charlton, Debt Expert at Citizens Advice, has the following advice:
a) Work out how much you owe;
b) Prioritise your debts;
c) Work out how much you can pay;
d) Pay urgent debts;
e) Consolidate your outstanding loans;
e) Pay non-urgent debts.
If you have some problems and miss a payment or default a loan it can harm your credit score. You may get under some penalties, or even get under control of some debt collecting agencies. They are forbidden to take any criminal actions against you but still it can be unpleasant to receive their constant phone calls. Be careful! Remember, your rights are reserved. For any question or complaint contact the Consumer Protection Financial Bureau (CPFB) 5 (855) 411-2372.
Instant approval Installment Loans.
Applying for a bad credit Installment Loan you expect to get approval and get it fast. You are ready to pay higher interest rates as you badly need the money quick and without any additional requirements, checks, paperwork, etc. Approval for an Installment Loan is easier to get online from a direct lender or broker than from traditional banks and credit unions, but we can’t say it’s 100% guaranteed. We offer the best way – fill out a free Compacom form right now and in some minutes, you’ll learn if you qualify for a loan.
Online and In-store Installment Loans.
If you want to apply for an Installment Loan, you have two main options: search for the nearest Cash Store or switch on the computer and surf the Internet. It’s up to you to decide which way to choose: to do the paperwork, drive a car, wait in traffic jams or lines and look for the store or get up to $5000 Installment loan in a few clicks from the comfortable armchair in your house.
Using our service you get access to more than 300 direct lenders both online and in-store, all of them verified by time and thousands of clients. We work only with reliable authorized partners. We serve American residents in all the states 24 hours 7 days a week.
When shopping for the best most profitable Installment Loan, we would advise you to compare different lenders. We give you this opportunity absolutely for free. You should pay your attention to:
- Interest rates
- Fees
- APR
- Prepayment penalties
- Automatic rollovers
- Debt collecting
All these criteria are described in each lender’s description in detail. Besides you get their contacts if you still have any questions. With us you can be sure to get matched with the most reliable lender with the lowest rates and fees. Borrowing with the help of our company is quick and easy from start to finish. Apply now – fill out a one-minute application form – wait 2 minutes for it to be processed and sent to the lender – get money in less than 24 hours.
Installment Loans by State
References
1. https://www.ucop.edu/loan-programs/resources/loan-terminology-glossary.html
2. https://www.fico.com/en/products/fico-score
3. https://www.usa.gov/credit-reports
4. https://www.consumerfinance.gov/
5. https://en.wikipedia.org/wiki/Credit_score
6. https://www.consumercredit.com/secured-loan-vs-unsecured-loan
Frequently Asked Questions.
What are the Terms and Amounts of an Installment Loan?
The maximum amount of an Installment Loan is $5000. It’s usually more than enough for an average American to make any urgent purchase and pay the bills.
In case you need more, we suggest taking a Personal Loan of $5000 -$35,000.
For the minor expenses borrow a Payday cash advance. It’s up to $1000 and paid back within a month with your next paycheck.
The repayment period of Installment Loans ranges from 6 to 60 months. It’s one of the most convenient loans to pay off because the payments are fixed and egually arranged into small monthly sums. Besides there are no prepayment penalties. So if you want to reduce the fees you can give the money back in advance. But better check these conditions in the agreement before signing.
How do I Qualify for an Installment Loan?
In order to get $5000 Installment Loan you just need to meet some simple requirements of our direct lenders. They are:
- Being over 18,
- Being the resident of the United States,
- Working in the US,
- Having a valid bank account under your personal name,
- Having a stable income.
What is really cool about Installment Loans is that all of them will be considered and for those of you who have a Bad Credit history there’s a definitely good chance of being approved. Besides applying doesn’t affect your credit anyhow.
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