subject: Installment Loans Can Help Your Bad Credit Rating [print this page] A traditional bank installment loan can help your credit so long as you make every payment on time for the course of your financing term. Many lenders report to one or more of the three major credit bureaus, and timely credit payments can boost your score.
However, the downside to getting a traditional installment loan is that although timely payments can improve your score, the process of applying for the loan can damage it. Credit scores are lowered when it appears that you could be seeking more credit. Furthermore, if you already have a bad credit history, few lenders will approve your application for a traditional bank installment loan.
Using an Installment Loan Available through Our Lenders at CreditNowUSA.
At CreditNowUSA, we match customers with lenders who can provide installment loans that can boost a bad credit rating in other ways. If you borrow money from one of our lenders, the money you borrow is not reported to your credit report so long as you repay the debt in the installment amounts agreed upon between you and the lender. You get access to cash that you can use to pay off collections, debts and medical bills that could be weighing down your credit score. With responsible use of an installment loan, you can turn your credit report around.
Our customers also appreciate the flexible payment terms available through the lenders we match them with. Instead of being locked into monthly payments at a traditional bank that can take months or years to repay, we let you apply for payment terms that fit your schedule. In other words, if you would rather pay a little back each week, rather than a large payment once per month, we have terms that will work for you.
Perhaps the best part about applying for an installment loan through our service is the increased chance that you will be approved. Because our lenders typically do not examine and scrutinize your credit history, you have much higher chances of getting approved for a loan so long as you have a job and a steady income.
For more information, go to Installment Loans at http://www.creditnowusa.com/Installment-Loans
