Woman sitting at her table looking at her calculator as she works on her budget.

The Ultimate Installment Loan Guide from Check Into Cash

Have you ever considered an Installment Loan when you’re short on cash? An Installment Loan is a common type of loan that provides approved borrowers with a lump sum of money that is repaid over a set period of time, typically through a series of scheduled payments or, you guessed it, installments!

As you know, life is full of surprises. You never know when you might need a few extra dollars in your bank account. There are several reasons why you might want to consider an installment loan as an option, including:

1. Simplify Your Life with Debt Consolidation

If you have multiple outstanding debts with a range of different creditors, you might be able to use an Installment Loan to consolidate them into one simple loan. This way, you only have to worry about paying one bill each month. This can help simplify your monthly bill payment process, leaving more time for what’s important in life.

2. Make Time for Home Improvements

If you're planning to renovate your home, you may need extra funds to cover the costs of materials and labor. An Installment Loan can provide you with the necessary funds to complete a range of projects in your home. Renovations and improvements can increase the value of your property. Look at Check into Cash’s Installment loans as one of your options when choosing a loan.

3. Take Care of Your Health, Too

It’s easy to push off our health or other personal needs. After all, insurance doesn’t always cover our medical expenses. But no worries, an Installment Loan may be used to pay for important medical costs. This can help you avoid racking up credit card debt and provide more time to pay off your balance.

4. Treat Yourself with Large Purchases

If you want to make a significant purchase, such as buying a new car, upgrading your furniture, or purchasing new appliances, an Installment Loan from Check Into Cash may be able to help cover some or all of the cost. This allows you to secure your new purchase now, while enabling you to repay the loan over several months or years. This financial tool can make larger purchases more affordable and manageable.

5. Education Expenses

Are you looking to further your education, through a degree program or vocational training course? Or perhaps you need additional funds for your child’s schooling costs. In cases like these a Check Into Cash installment loan can help you cover the cost associated with educational fees. With an installment loan you can take care of all your fees at once and focus on your studies.

What is the difference between an Installment Loan and a Payday Loan?

An Installment Loan is a type of loan that provides a borrower with a lump sum of money that is repaid over a set period, typically through a series of scheduled payments or installments. Installment loans normally have a fixed interest rate, and the repayment period typically ranges from several months to several years.

On the other hand, a Payday Loan is a type of short-term loan that is typically due on the borrower's next pay date. Payday Loans can provide borrowers with quick access to cash to cover whatever comes their way. These loans are shorter in nature and can really help when you’re in a pinch.

Historically payday loans are approved for smaller loan amounts and shorter terms than installment loans, and with that the payday loan may carry a higher annual percentage rate than an installment loan.

Always weigh all of your options carefully and make the best choice for your situation and budget.

What do I need to take out an Installment Loan from Check Into Cash?

To receive an Installment Loan, you typically need to provide the following:

Identification: You'll need to provide a valid government-issued ID, such as a driver's license or passport, to confirm your identity.

Income Verification: Any reputable lender will want to confirm that you have a reliable source of income to repay your loan. You may need to provide recent pay stubs, tax returns, or bank statements.

Bank Information: You'll need to have a valid checking account in order to receive loan funds directly to your bank account.

Loan application: We will help you to complete your loan application, which is usually a quick process. And in some states, you’re able to apply completely online, too.


Not all consumers may qualify; certain restrictions apply. Not available in all states. See store for details.

10 Payday Loan Benefits and How They Can Work For You

Read More

What are the Advantages to Working With a Direct Lender?

Read More

About Check Into Cash

Check Into Cash specializes in small-loan lending with Payday, Installment, Title Loans, and more, depending on your state.

It’s Quick, Easy & Confidential®  to get the cash you need today. We reach over 25 states with more than 650 store locations and easy online lending, too.

Popular Articles

How To Get Water Turned Back on After a Shut Off

Read More

Can't Afford Childcare? Here are 9 Tips for Working Parents

Read More

Jobs That Pay You Cash the Same Day You Work

Read More

CIC on Facebook

3 weeks ago

Check Into Cash
Wallet feeling like it’s on thin ice in the early summer days? Stress less and dethaw your wallet with savvy money options at Check Into Cash. Tomorrow can be payday® with a payday loan! checkintocash.com/payday-loansNot all consumers may qualify; certain restrictions apply. See store for details. In California, deferred deposit loans are provided in accordance with the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law, Cal. Fin. Code §23000 et seq. ... See MoreSee Less
View Post on Facebook

4 weeks ago

Check Into Cash
With summer nearing there is a lot of excitement to come. What are your summer plans and money goals? ... See MoreSee Less
View Post on Facebook

The information provided on this website does not, and is not intended to, constitute legal or financial advice. Rather, all information, content, and materials available on this site are only meant for general informational purposes. Information on this website may not include the most up-to-date legal, financial or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser. We do not recommend or endorse the contents of the third-party sites nor are the owners of such third-party sites recommending or endorsing our services. Check Into Cash is not affiliated with nor endorsed by any of the websites, companies or entities mentioned in this blog. See a licensed attorney for legal advice and see a certified public accountant or financial planner for financial advice. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking professional advice. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this posting is provided “as is,” and no representations are made that the content is error-free.