woman getting Delaware installment loans

How To Qualify For Delaware Installment Loans

If you’re experiencing a tough time financially, Delaware installment loans can help meet your urgent needs. If you qualify, you will receive a lump sum that you can use to take care of your emergency and get back on your feet.

Unlike title and payday loans, the loan can be repaid in equal monthly payments so that you can plan your budget accordingly.

A Delaware installment loan can be a convenient option when a financial emergency hits. Keep reading to find out how to qualify for an installment loan and what documents you need.

What Are The Requirements For Delaware Installment Loans?

Installment loans can be both secured and unsecured. It is typically easier to qualify for a fast loan as it is collateralized with an asset (like a home in case of a mortgage loan or a vehicle in case of an auto loan).

When applying for an unsecured installment loan, the lender would base the decision on the borrower’s creditworthiness and the ability to repay the loan. Creditworthiness is determined by several factors, including your credit score, repayment history, and the amount of debt you owe.

A steady source of recurring income can indicate the ability to repay the loan — for example, employment, retirement, disability, or another income source. Remember that to apply, you should also be at least 18 years of age and can’t be a member of the Army, Navy, Marine Corps, etc. if you want this loan.

woman thinking about Delaware installment loans

What Items Will You Need to Qualify For Delaware Installment Loans?

The exact list of documents needed to apply for a loan can vary from lender to lender. When applying for a signature installment loan, you would typically be required to provide the following:

  • A valid, government-issued photo ID (even your driver’s license can do)
  • A document that proves that you have a steady source of income. If you are employed, you would usually be asked to bring in your most recent pay stubs, but if you’re self-employed or unemployed, you would have to provide another document. Some lenders would accept wages and tax statements, a federal or state tax return, an employer letter, a pension distribution statement, etc.
  • An active bank account that’s opened in your name. Some lenders would require the report to be open for at least a month.

Depending on the company you decide to do business with, you might also be asked to provide your Social Security Number or Individual Taxpayer Identification Number.

How To Apply For Delaware Installment Loans

To apply for a signature installment loan offered by Delaware Title Loans, Inc., all you will need is your ID, a recent bank statement from an open account, and proof of income.

  1. To start the process, complete the online inquiry form and get a fast call back or call the closest store location directly.
  2. The company representative will verify your information, tell you more about the process, and invite you to visit the store.
  3. Arrive at the store location of your choice with the necessary documents. Our friendly and helpful representative will go through the required items, answer all your questions, and, if approved, will set up a loan agreement for you to sign. This whole process might take only half an hour.
  4. Once you’ve completed all the papers, you will receive your emergency cash the same day or the next business day.

man with Delaware installment loan money

Why Choose Delaware Title Loans, Inc.?

Nowadays, there are plenty of lenders for you to choose from. But here are a few reasons why you might want to choose Delaware Title Loans, Inc.:

  • We have a statewide network of convenient locations – the closest store might be in your neighborhood.
  • We are committed to offering competitive installment loans and superb customer service.
  • If you apply for an installment loan, you might be able to qualify for up to $1,500.
  • Delaware Title Loans, Inc. offers signature installment loans. This means you wouldn’t need to put up any collateral.
  • The application process is speedy and straightforward. It might take only 30 minutes.
  • We welcome borrowers from all credit backgrounds. You can apply for an installment loan with us whether you have good, bad, or no credit.
  • We take your privacy seriously, and you can rest assured that all the information you will provide will be kept confidential.

Apply For An Installment Loan Today!

Qualifying for Delaware installment loans doesn’t have to be a long and nerve-racking process. If you choose to get a signature installment loan from Delaware Title Loans, Inc., you might receive up to $1,500 the same day.

Furthermore, our friendly representative will treat you with the respect you deserve throughout the process. Ready to get the money you urgently need without the hassle of a traditional loan? Then submit an online request form right now!

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

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.