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Most people associate a direct loan with a bank, the original lender. After the 2008 financial crisis, banks have reduced their direct lending activities. Although it is still possible to obtain an installment loan from banks, you will need to go through a complex application process, meet strict underwriting requirements, and wait for the approval. While you may have heard of installment loans from direct lenders, IPASS is your best option.
Many borrowers in financial crisis find themselves in desperate situations and seek instant approval loans from payday lenders. They often regret it.
As soon as they realize that they must repay the money in full within weeks, any short-term relief is gone. After such a short time, many borrowers find themselves back in the same position. According to the CFPB, four out of five payday loans are either rolled over or renewed. Every renewal incurs a new set of fees, along with the original balance or high interest rate. Borrowers are granted instant approval loans but with highly unfavorable terms.
IPASS is a direct lender and can provide personal installment loans with the required time frame.
Websites might pretend to be direct lenders of installment loans. They may make claims such as “No credit check!” and “100% acceptance rate!” But you may not be dealing directly with a lender. They are lead generators who sell your data to third parties. These aggregators are only revealed in small print disclaimers such as “THE OPERATOR ABOUT THIS WEBSITE IS NOT DIRECT LOANER.”
What happens to your financial data when you submit it online to an aggregator website? You may be surprised at the answer. Some online aggregators only work with specific institutions that offer direct lender installment loans. Others, however, distribute information randomly to other parties. Many of these scammers prey on desperate borrowers. Online aggregators may even share borrower data with other aggregators.
Your inbox will be flooded immediately with SPAM and solicitations by lenders you have never heard of after you submit the “application.” This could make it a risky venture to apply for a personal loan with any of these lenders. It could also be detrimental to your financial health and expose you to identity theft. Although the website claims to protect your data, how can you be sure? You don’t even know where your data is.
You may not find an installment loan direct lender if you do not manage to locate one. Direct lender installment loans are often called this. They look and work much like those with shorter terms and higher interest rates but drawbacks. Although the overall repayment time is more straightforward, multiple payments are made close.
Some installment loans have repayment terms that are slightly longer than regular payday loans, perhaps for a few months instead of a few weeks. Many personal lenders also impose severe penalties for borrowers who fail to repay their loans on time.
IPASS recognizes that many borrowers are in urgent financial need and cannot wait for weeks to decide on their loan applications. The loans give borrowers a financial cushion to make significant economic improvements and not just a temporary solution. We don’t believe in hidden fees or early repayment penalties, which can dramatically increase the amount you owe.
IPASS is not an aggregater. We are a direct lender and offer installment loans with terms that any payday lender can’t beater. IPASS will treat your personal information with respect and confidentiality when you apply. So that you can submit your application confidently, we won’t share your information with third parties.
IPASS is a direct lender that offers installment loans. IPASS offers installment loans with flexible repayment terms. They are paid in monthly installments like a bank, credit union, or bank. We do not allow rollovers, which can significantly increase your loan amount and trap you in debt. IPASS is the right place to go if you are looking for an instant approval installment loan. IPASS offers the best in installment cash loans. Get started today with an application