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What Is An Installment Loan? What To Consider When You Need One.

An installment loan is money you borrow and pay back with fixed payments — or installments — over a period of time. It differs from a credit card that lets you borrow money whenever you make a purchase. Many installment loans have a fixed payment amount meaning the amount that you owe doesn’t change over the life of the loan. When the loan is completely paid off, you owe nothing. There are no hidden fees and is affordable for customers.


An installment loan is a loan that combines the principal loan amount with an interest rate. The total of the principal and interest is then scheduled to be paid back in equal amounts over a set time frame. Most loans at Devon Financial usually last 180 days. Where you’re able to get loans up to $2,500 depending on your qualifications.




Why Do People Choose Installment Loans?

Installment loans are easy to apply and anticipate because you know exactly how much you need to repay each month, which allows predictability in your budget. If the idea of having to wait for your credit card statement to know what you need to pay each month is worrisome, installment loans can be an attractive option.



Tip:

At Devon Financial, installment loans are appealing because they are fast, easy to apply and don’t affect a person’s credit score + your credit is not checked when applying. Our installment loans are based on your income, not credit to qualify for a loan



What can you do with an installment loan?


In most cases, people take out installment loans when they need to cover unexpected expenses or if they need extra money for a specific event. Other people use installment loans to pay off credit card balances or consolidate debt. But the truth is, what you do with the funds is up to you.


Have more questions about an installment loan - call us today - 1-877-573-CASH


Want to apply for an installment loan? Apply Now - https://www.loansdfs.com/apply-now


 
 
 

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THE OPERATOR OF THIS WEBSITE IS NOT A LENDER, DOES NOT MAKE CREDIT DECISIONS, AND DOES NOT CHARGE ANY APPLICATION FEES. This Website does not constitute an offer or solicitation to lend.  This Website provides a service wherein by Requesting A Loan, you will be transferred to a third party which will require personal information to be provided to lenders. Devon Financial Services, Inc. neither receives the loan application nor does it store loan application information. This website collects personal information provided by you and uses that information for internal purposes only. Your information provided to third parties may be shared with non-lenders or other intermediary service providers to help connect you with a lender. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. Providing your information and requesting a loan on this Website does not guarantee that you will be connected with a lender or approved for a loan. The third party lender may perform a credit check or otherwise verify the information you provide. Not all unaffiliated lenders offer loans up to $5000 and not all lenders can provide you with the loan amount you requested. All financial terms of the loan will be provided to you by the lender. Loan terms, conditions, and policies vary by lender, state, and applicant qualifications. You should read all loan documents to ensure you understand the terms of any offered loan before signing and accepting a loan. If you do not agree with or accept the loan terms, you should not sign the loan documents. For details, questions, or concerns regarding your loan please contact your lender directly. In some situations, faxing may be required by the lender. Cash transfer times may vary between lenders and may depend on your individual financial institution. Loan repayment periods vary by lender and state.

 

Borrow Responsibly – A short-term loan should be used for short-term financial needs only, not as a long-term financial solution. Late or missed loan payments may be subject to increased fees and interest rates.  Review your consumer loan documents for full disclosure of all potential fees and charges and when they may be assessed by your lender. Lenders may use collection services for nonpayment of loans. You should seek credit counseling if you have financial difficulties.

 

Consumer Advisory: Devon Financial Services Users, please beware of overseas call centers posing as this brand or other online brands that ask for an advance payment for a loan. Our lenders will never ask for advanced payments. NEVER PAY A LENDER IN ADVANCE FOR A LOAN.

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