Money situations can be tough sometimes and if you find that you have bad credit plus no money, there's few places that you can turn if an emergency pops up. It could be a medical expense, or your car breaks down leaving you unable to get to work, or even something going wrong inside your home that needs to be repaired immediately.
For most of us family and friends are not a viable option and regular payday loans don't always supply enough funds to cover what we need. Payday installment loans are a little bit more flexible than the regular payday loans in the way that they offer more money and longer payback terms for the clients.
With payday installment loans you can still go in with bad or no credit and get approved. They offer thousands instead of hundreds and they give anywhere from six months up to 36 months to pay back your payday installment loans. It is an unsecured loan and interest rates can still be high, but payments are made in monthly installments rather than required in one lump sum amount like regular payday loans. If you pay it back on time and with a little bit added to your balance each month to keep up with the interest, you should be able to take care of it quickly.
Payday installment loans are a really nice alternative to the regular payday loan when you need just a little bit more money than a regular payday loan can provide. It's nice to know you have these payday installment loans to depend on in case anything happens where you need to have serious money in a hurry and know that you can't pay it back immediately. This is giving options to those who really don't have any other options available to them.