Bad credit installment loans are the solution to your emergency cash needs when traditional lenders can’t approve you due to your terrible credit background. In California, online platforms such as iPaydayLoans, US Title Loans, Fast Title Loans, PersonalLoans, and BadCreditLoans can give you access to multiple lenders in one go. They have simplified the process of borrowing so that you don't have to contact each lender, instead, you just have to submit your information once via a secure online form, and you can receive multiple offers right away.
A bad credit installment loan is available for borrowers with low credit scores but can show proof of ability to pay. Once approved, you'll have to repay the principal amount plus interest and charges within a specified period and in equal installments. Lenders will provide you with a schedule of payment so you have an idea of how much you need to repay and for how long. On-time payments can help boost your credit score over time while a default could pull it down.
Looking to get installment loans with bad credit in California? Consider following these 5 simple steps:
- Check your financial profile and credit report before obtaining a loan.
- Submit your identity information, supplemented documents, and loan requests through broker platforms or contact lenders directly.
- Compare loan offers based on APR, loan term, and overall cost. Consider your repayment capacity and choose the best deal that suits your needs.
- Wait for lender approval.
- Receive the money proceeds in your bank account.
5 Websites That Can Help You Get Installment Loans in California
| Key Features | Loan Amount | |
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Up to $5,000 without hard credit checks.
Selected borrowers can get up to $35,000 with additional verification. |
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Up to $5,000 without hard credit checks.
Title loan amounts available up to $35,000, depending on the vehicle condition and repayment capacity of the applicant. |
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Instant cash for up to $5,000 with easy credit evaluation, additional documents are required for amounts over $5,000. | |
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Accept requests from $1,000 up to $35,000 with easy requirements. | |
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Up to $10,000 easy cash with minimal conditions. |
Alternative Loan Options
If you think that an installment loan is not the best option for you, you may also consider the following alternatives available in California:
- Pawnshop loans - Pawnshop loans can be a good option for small amounts of borrowing if you have valuable items that your local pawnbroker would accept, without hard credit checks for sure. Due to the smaller amount available of up to 25% of your collateral value, the interest rate for this type of loan is typically lower than most online loans. However, if you default on payments you will also lose your pawned item.
- Payday loans - If you need money to get by until your next paycheck, payday loans can be the perfect solution for urgent cash needs. It's also important to note that these loans generally have high-interest rates and fees, and you can only borrow small amounts.
- Title loans - Consider getting a title loan if you intend to borrow a lump sum of money for your emergency needs with the title of your vehicle as collateral. Title loans can be repaid for a few months to reduce your financial pressure, and you can still drive your car while repaying the loans.