High Risk Installment Loans

Apply for high risk installment loans for subprime borrowers. Sometimes it can be hard to find direct lenders that are willing to loan to you if your credit is bad. We help people with less than stellar credit "high risk" get installment loans that have equal monthly payments. These loans can have up to 9 months to repay the loan. We do not guarantee you will be approved, but you can complete our short application and know quickly if you have been approved. This high risk installment loan application will not show up on your credit report. Loan amounts usually range from $500 - $2000.

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Installment Loans for Subprime Individuals Considered High Risk Borrowers

Are you a hard working American who is looking for a way to pay back your debt or have an expense coming down the pipeline? Are you worried that you may not be able to get a loan because of your reputation as a high-risk borrower? Well, don’t get too worried because there is a way out. Let us introduce you to the concept of “high-risk installment loans”.

High-risk installment loans are basically loans provided by a direct lender to someone with a bad credit history. This includes individuals who may have a credit history that is limited, who make late payments, have their credit card balances at the limit or have applied for a large credit. To put it as simply as possible, a high-risk installment loan is one that is offered to someone who has poor credit history. If you could use a $500 high risk loan apply here.

Features of High Risk Loans

High risk loans, also referred to as bad credit loans, generally carry higher interest rates. Typically, lenders justify the high interest rates by leveraging the fact that high-risk loan borrowers possess very bad credit. So, if the borrower fails to repay the loan in the long run, the lender can make up for the loss through the high interest rate.

High-risk installment loans can be divided into secured high-risk loans and unsecured high-risk loans. The latter type does not require the borrower to provide any collateral or guarantee.

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Top reasons people apply for high risk loans?

  • They do not want to deal with the hassle of getting a small loan through a bank.
  • They have used small loans in the past and found them very convenient and easy.
  • They have exhausted other lending options such as credit cards and home equity loans.

Is It Wise to Get a High-Risk Loan?

Ideally speaking, it’s always better to not enter a situation that might lead to bad credit. However, if your debt situation is truly out of control, you can try securing a high-risk installment loan. But, you will still need to put in extra effort to manage your finances, considering that you will be paying higher interest rates. If you fail to pay off the high-risk loan, you risk damaging your credit score even further. On the other hand, if you do manage to pay off a high-risk loan, you may see an increase in your credit score. So, ultimately, it’s all about financial management. Think of high-risk loans as your last shot at ending debt, but, with plenty of risks associated with it.

Find High Risk Loans Your Town

Depending on where you live, securing a high risk installment loan can be a daunting task. Many smaller towns do not have lenders that offer high risk loans and big cities can be just as difficult. Driving all over town and filling out application after application. With WireLend you can apply direct from your computer and we have over 50 direct lenders waiting to process your application. 

Do high risk installment loans show up on my credit?

Generally the only way an installment loan would show up on your credit is if you stopped making payments and the loans went to collections. Most installment lenders do not run a hard credit check, which means the application will not show up on your credit report with the 3 main credit bureaus. However, many of them do not report your payments to the credit bureaus either. So while the loan does not hurt your credit it does not help your credit either.

Complete the short application and we will try to match you with a lender that lends to borrowers in your area. If we match you with a lender you will receive an installment loan offer. If you approve of the offer then accept it and the funds will be deposited direct to your bank account. If you do not like the offer then choose to decline it and you will not receive the loan. Loan amounts range anywhere from $500  to $2000.