Installment Loans for Bad Credit

Need funds and want a set payoff plan? An installment plan offers equal monthly payments and a clear end date. Even with a low credit score, you may still qualify. We connect you with lenders who look at income and bank activity, not just a number. You can check options online and decide when you are ready.

How Installment Loans Work With Bad Credit

Installment loans have a fixed number of payments. Each payment includes principal and interest. You can review the amount, term, and the complete cost in one summary before you agree. If approved, funds are sent after the agreement is complete, based on bank posting and lender cut off times. State rules and product limits apply.

Lenders that serve people with bad credit look at current cash flow. They review deposits, pay dates, and regular bills to size a payment that fits your budget. A lower score can raise the cost, but steady income and a stable account history can help.

Want the broad overview first? Visit our main page on online installment loans. If you are still comparing options for low scores, see our guide to loans for bad credit.

Who Qualifies and What Lenders Check

You should be at least 18, have a steady income, an active U.S. bank account, and a valid ID. Lenders may ask you to upload pay stubs or connect your bank to confirm income. Some also review time on the job and how your bills compare to take home pay. The goal is simple. They want to see if the payment fits your monthly plan.

Typical Costs and Simple Examples

Costs vary by state, term, and risk. Paying early can lower interest in many cases. Always read the agreement in full. These samples show how term changes payment and total cost. They are examples, not offers.

To view all fees and rules in detail, visit our rates and fees page. You can review payments with the payment calculator or compare two plans side by side with our loan comparison tool.

Installment Loans vs Payday Loans

Payday loans are due in one lump sum, often by your next payday. That can strain a tight budget. Installment plans spread payments out and give you more time. When you prefer equal monthly payments and a set payoff date, this option may fit better for larger costs.

Apply Online: What to Have Ready

The form takes a few minutes. Share contact details, income, and bank info. See your offer in your browser, including amount, term, payment, and the complete cost. If the terms work for your plan, sign electronically. Funding timing depends on bank posting and lender cut off times. Approval and funding are not guaranteed. State availability varies.

Borrowing Smart

Request the smallest amount that covers the expense. Set due dates to land on or just after payday. If a payment may be tight, contact the lender early to adjust the schedule. Using high cost credit often increases what you pay overall. Paying on time and keeping a simple budget can help your credit over time.

FAQs

Can I get this loan with bad credit?

You may qualify. Lenders in our network look at income and recent account activity along with credit. A low score can raise the cost, but steady deposits and room in your monthly plan can help.

Will applying hurt my score?

The initial review may use alternative checks. If a lender reports the account, on time payments may help, while missed payments can hurt. Read the lender disclosures.

How fast can I get funds?

If approved, funds are often sent after you sign. Actual timing depends on bank posting and the lender cut off times.

What amounts are common?

Amounts often range from a few hundred dollars to a few thousand. Limits depend on income, state caps, and lender rules. Your offer will show payment and the complete cost up front.

What if I need more time to pay?

Ask the lender before a due date. Options depend on product type, state rules, and your payment history.