Do you have a bad credit history? Even with a recent bankruptcy or foreclosure, if you are in need of some emergency cash, you may want to consider getting an Installment loan. The benefits are you get the cash fast and it is an easy process, compared to applying for a new personal loan. You can apply for free with pay installment loan company online.

How Installment Loans Work - A Installment loan or cash advance company will do no credit checks to qualify you for the loan. The loan is based on your ability to repay the loan. This can be verified by a check stub from your employer and a verified bank account.

Kinds of Installment Loans - There are basically two kinds of Installment or cash advance loans online. There are Faxless or paperless Installment loans where there is no faxing necessary to qualify for the loan and there are cash advance loans where you will need to fax in documents to verify your income.

The Disadvantage of Installment Loans - The only disadvantage to using an Installment loan, is that, compared to credit cards, the interest rate is much higher. That is because the loan is considered high risk, short term loan. It has different properties than a credit card.

How The Loan Is Paid - The Installment loan will be paid back in a single payment. The payment will be set up and deducted from your checking account automatically on the due date. You will want to make sure the funds are there because there would be a hefty fee if the debit is rejected from your account.

Compare Installment loan companies fees and make sure that you are paying the lowest fees you can for this short term loan, and interest accrues every day, so make sure you only use the loan for the time you need.

With a recent bankruptcy or foreclosure, or just bad credit, it can be really difficult to get approved for a credit card or personal loan. Consider a cash advance loan online. They are convenient and can save you the hassle of applying for a new credit card. You can get the cash quick.