120 Day Installment Loans

120 Day Monthly Installment Loans

When you are strapped for cash, do you often rely on a payday cash advance only to find yourself in a vicious debt cycle whereby you always have to get an instant loan between paychecks? Payday loans are meant for short term use and if you need money from a lender without having to pay it off in less than 1 month, you should consider alternative solutions such as 120 day installment loans.

Guaranteed installment loans with monthly repayment allow you to make smaller payments over the duration of the loan instead of having to pay it off in one lump sum. For example, if you borrow 3000 dollars for 90 days, the monthly repayment is about $1000+.

To get 120 day personal loans, you can usually get it as unsecured or secured installment loans. For the latter, you can use collateral to secure a long term loan. Secured installment loans are easier to get when you are unemployed or have really bad credit such that creditors are unable to give you a 3 month loans with no collateral.

90 Day Payday Loans

There are also bad credit installment lenders with short term 3 month loans. These are instant payday loans with 90 days to pay back, although they are less appealing due to the high interest rate commonly associated with high risk loan lenders.

To be able to enjoy low interest installment loans, you need to have good credit and even though you may need to borrow money with bad credit today, you should work on improving your credit score and perhaps, changing your lifestyle as well if you are operating without an end goal.