There Are Many Types of Installment Loans

Many borrowers have this misconception that installment loans are just better alternatives to payday loans and nothing more. That is not the whole story. While there are direct lenders like CashTodayAmerica that offer emergency cash loans that can be paid back as installment loans through multiple fixed monthly payments, installment loans can also include mortgage loans, business loans and also auto loans. Therefore, installment loans can have terms up to 20 years when it comes to large-scale funding. For emergency cash up to $1,000, however, we offer terms up to 3 months.
Emergency Installment loans are increasingly seen as a better answer to cash shortages before the salary day because payday loans do not give enough time to pay off the debts. Apart from that, these are more affordable as far as the interest rates are concerned, and they can be more friendly towards credit ratings as one gets more time to repay- that also in small amounts.

Is Good Credit Compulsory for an Installment Loan?

Now that you understand the types of installment loans, and know which kind is offered by us, you must be curious if you need a good credit for an installment loan. Since the loan types are different, the credit requirements also vary. It also depends on the lenders. For example, for installment loans like a home loan or car loan you need to have a good credit. Similarly, even for emergency cash some lenders ask for a good credit. However, at CashTodayAmerica we offer installment loans between $200 and $1,000 for bad credits too!
Therefore, a poor credit is not an obstacle to getting funded. We offer our installment loans online without any application fee, and considerably lower rates. Apply now to enjoy the flexible repayment terms while injecting instant cash directly into your account!

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We are registered with Utah’s Department of Financial Institution to provide Consumer Credit. If you submit this application via the internet to us, we will receive and process it the same as if you submitted it to us in person thereby making Utah the place of negotiation, execution and performance of all applications and/or agreement. If we approve your application, the funds will be disbursed from our account in Utah. Utah law governing consumer loan agreements may differ from the laws of the state where you reside. Applicant is responsible for complying with all statutory obligations regarding obtaining loans by internet that may exist in their state of residence. This service may or may not be available in your particular state.

CashTodayAmerica does not perform any credit checks through the three major credit bureaus Experian, Equifax or TransUnion. We collect required information regarding debtors’ creditworthiness from a third party source.

Approval time depends on the authenticity and verifiability of your documents. You might be requested to provide further information if required. Note that we do not approve all the loan requests. On the basis of state laws and your repayment ability, the terms and rates may vary. Any loan requested on Friday after 6:00 PM EST will be processed on the next business day which is usually Monday- unless it is a holiday.

Should you have any doubts, please call our customer support at (855) 840-5688, Monday-Friday: 8:00 AM to 7:00 PM (EST) or email to

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