- Installment Loans
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With crowd funding blowing up recently due to the SEC’s recent decision there has been a huge increase in individuals looking for personal installment loans. There are many consumer lenders out there waiting to fund installment loans from $200 to $5000.
Why Lendiva For Your Personal Installment Loans
Lendiva.com is a premier matching service that provides sources for personal installment loans. Their proprietary algorithm will match you with a lender in just seconds. Your data is secure and safe. The application process just takes minutes and you’ll know if you’re approved within seconds. Depending on your resident status lenders will bid to view your application and decide if you fit their model for lending. They do use non traditional consumer credit bureaus but usually do not use one of the big three companies to run credit. They realize that you may be credit challenged to begin with so they place more importance on your banking performance and your job income.
About Personal Installment Loans
Personal installment loans help thousands of consumers everyday. The speed at which online lenders get them their money is astonishing. You can apply on a Monday and have funds on a Tuesday. Some lenders can even get you funding that same day onto your debit card. Personal installment loans usually range in the $500 range and the paybacks are over a set period of time. Each installment payment is amortized which means that a portion goes toward interest and a portion toward paying down the principal. this is probably the best type of personal loan to get for this very reason. Payday loans often get users into a cycle of debt leading to more problems. The APR’s are rather high as well often approaching 4 figures. A good installment loan APR should come in the range of 300%. Keep in mind these are high risk loans and due to defaults the rates must be where they are. To check out personal installment loans and what you can be approved for please click here.