woman considering installment loans for bad credit

Can I Get Installment Loans For Bad Credit?

An installment loan is a form of loan repaid in regular payments (called installments, hence the name). Every repayment includes a portion of the loan borrowed plus interest. We provide signature installment loans — a type of loan requiring no collateral; you just have to sign to say you guarantee to repay the loan. 

Many people think you can't get installment loans for poor credit, but that isn't necessarily true. While we do check your credit history and score before accepting your request, that doesn't mean you need to have a stellar rating to gain approval. We consider other factors alongside your credit to figure out whether you can afford to repay the loan.

We'll look further into installment loans for bad credit in this article by taking a deep dive into how they work, their requirements, and how to get one from us. 

Can You Get Installment Loans With Bad Credit?

installment loans for bad credit we can help

The answer is yes, you can get installment loans for bad credit, even though your credit score is considered for approval. 

If you've found it hard to borrow money with a traditional loan (from banks or credit unions), then a signature installment loan may be an option for you.

At Delaware Title Loans, Inc., we take more than just your credit score into account knowing that past financial problems can still impact it. By looking at more recent bank statements and other metrics, we get a better picture of your current financial climate and not just your credit rating.

The Advantages Of Bad Credit Installment Loans

Bad credit installment loans let you borrow exactly how much you need. They're relatively small dollar amount loans that make as little impact as possible on your financial state. You can pay them quickly, returning your life to normal as soon as possible. 

Not to mention they come with fast processing times, so you can get the money you need within 24 hours.

What Is Required To Get Installment Loans For Bad Credit

To get an installment loan for bad credit from us, you'll need these three things:

  • State-issued identification — Most of our clients use their driver's licenses as their state-issued identification. However, you can utilize your passport, passport card, military ID, military dependent's ID card, student ID, or non-driver's ID card. Just make sure it is in date and displays your photograph so we can match you to your identification document.
  • Income proof — Please provide your most recent pay stub as proof of income. It helps us establish your affordability for the signature installment loans for bad credit.
  • Checking account statement — Like your income proof, we use this to establish affordability. It shows us your incoming money and outgoing expenses over the last thirty days for an accurate depiction of your finances.

How To Get Installment Loans For Bad Credit

man looking at installment loan agreement

Provided you have all the documents required for approval, follow the step-by-step tutorial here to get a signature installment loan from one of our Delaware Title Loans, Inc. branches:

  1. Complete the signature installment loan request form. It only takes five minutes to fill out since we only ask for standard information. That said, accuracy is key, so double-check your work.
  2. We will give you a ring once we receive your request, so keep your phone nearby while you submit the form. When we call we will discuss the process, check you have everything you need to coast through the approval proceedings with ease, and set up a time for you to come to your nearest Delaware Title Loans, Inc. store.
  3. Head to the store with the documents we discussed in the previous section (and during the phone call). 
  4. When you arrive, we will take a look at your paperwork to figure out how much you qualify for. As we mentioned earlier, we will run a credit check, but that doesn't mean you need a perfect credit rating to gain approval. 
  5. If you're satisfied with the amount we can offer, we'll help you go through the final stages of the approval procedure which involves signing a few simple documents. 
  6. Finally, we deposit the money into your bank account within 24 hours. In most cases, you will get the cash on the same day, but don't panic if it takes a bit longer. Our processing times can vary slightly depending on the day or time of your request. 

Obtain An Installment Loan For Bad Credit From Delaware Title Loans, Inc. 

You can get installment loans for bad credit with us because we consider other factors for a more complete picture of your financial environment. That way, we're able to offer financial relief to more people in need. 

So, get the process started by giving us a call or completing our easy online inquiry form. One of our agents will give you a call back to guide you through every step of the way.


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.