Get Your Installment Loan
Truth be told, there is no such thing as a guaranteed loan. Many websites advertise it but they are not being truthful to you. Still, you can get an installment loan with bad credit and we can make it easier. A loan network is the key and we give you free access. More lenders equals more shots at a fast approval. Fill out the short form below and in minutes, you might be looking at your installment loan offer.
About Direct Lenders
People tend to think that a direct lender is the way to go and if you have bad credit, this could not be further from the truth. Here is why you should avoid direct lenders at all cost with bad credit.
There Is No Fee For A Network
We do not charge you for access to the loan network. Lenders do pay us for leads but this is just a standard cost of doing business. It is no different than the advertising costs that a direct lender faces.
This means that lenders from a network and direct lenders will often have similar advertising and client acquisition costs. That means that a lender in a network will have no more costs to pass on to you than a direct lender. So, if you get a $300 loan after visiting this website or a $300 loan from a direct lender, you will probably pay the same.
In any case, it is free to get a quote, so you might as well see what kind of offer you can get from one of our lenders.
More Lenders Equals Better Odds
There is a problem with working with a direct lender. When you do, you have to meet the requirements that they have set. You might not be a match with them. If you are not, the process is over.
This means that you would then have to start completely over with a new lender. This can be a major drag on your time. Who wants to apply with dozens of lenders individually.
Networks are different. With a loan network, you can potentially get in front of many lenders. It works like this. You submit one quote form and then the form securely goes from lender to lender until one is found that wants to make you an offer. If you want to get approved with bad credit quickly, it is the best way.
You Can Do It All Online With A Network
With the loan network that we give you access to, you can usually do everything online. This is the ultimate in convenience. In just a matter of minutes, you can submit your form and get an offer.
If you like your offer, you can accept your loan online and your money will be on the way. Occasionally, your lender may want to talk to you in person or might need a document or two, but the inconvenience is minimal. You will probably find that getting an installment loan online through Loan Monkey is one of the easiest thigns you have done.
How To Get Your Loan
The process of getting an installment loan could not be easier. Here is how it works.
Fill Out Your Quote
The first step is to fill in the quote form at the top of the page. It will take you about two minutes to complete with your basic information. Once you complete it, simply agree to the TOS and submit your info to the network. It will then be securely transmitted and will go from lender to lender until you get your offer or go through all of the lenders.
Review Your Loan Details
If you were approved, you will either be directed to the lenders website or will be sent the information on your loan. This is important, you must now review your loan offer thoroughly. Do not just accept your offer, make sure that you read all of the details. If you do not understand something, ask your lender for clarification.
Make sure you know the interest you will be paying, the total cost of the loan, your payment and the term. Loans can range from 3 month terms all the way up to 6 year terms.
Make Your Decision
Now, it is time to decide if the loan offer is right for you. If you like it, simply accept it and your lender will begin the process of getting you your money. You could have your money deposited directly into your bank account as soon as the next business day.
Spend Your Money
Once you have your money, it is up to you what to spend it on. Once electronically deposited into your account, it is available for immediate use.
Have a question about “guaranteed” installment loans? Ask them here by contacting us.
- How hard is it to get a bad credit loan?
No loan can really be guaranteed. Websites that advertise “guaranteed” loans are just playing games. Loan networks can make it easier for you to get an approval though. The more lenders there are, the more likely it is that you will get matched to one that wants to work with you, even if you need a bad credit loan.
- Why shouldn’t I use a direct lender?
You certainly can but it limits your approval odds. You can fill out an application with a dozen direct lenders in hopes of getting approved or you can fill out ONE quote with a network. Your ONE quote on a network would then go from lender to lender until you get an approval.
- Can you guarantee approval?
Since we are not a direct lender, we can not guarantee anything. It is up to your lender to decide whether you get approved or not. Luckily, with a loan network, you have more chances at approval.