• Money
    • Budget
    • Shop
    • Travel
    • Stories
  • Career
    • Advice
    • Entrepreneurship
    • Freelance
    • Small Business
  • Investing
    • General
    • IRA + 401K
    • Stocks + Bonds
    • Retirement Planning
    • Estate
  • The Basics
    • Student Loans
    • Credit Cards
    • Debt
    • Taxes
    • More
  1. Home
  2. The Basics
  3. Personal Loans
  4. How to Get Long-Term Installment Loans for Bad Credit

How to Get Long-Term Installment Loans for Bad Credit

By: Stephanie Mojica
  • Share
  • Share on Facebook

Finding a long-term installment loan for bad credit is a challenge, but possible, especially if you have verifiable income. There are a number of finance companies, banks and credit unions that will lend to people of all credit ratings. The key to finding a long-term installment loan for bad credit is patience. The older your bad credit is, the better; it is very difficult to convince a business to loan you money when you cannot keep up with your current credit cards and other debt obligations.

Step

Visit your bank or a local credit union. Explain to the loan officer your situation and ask to apply for a loan that meets your needs. Credit unions are the most likely choice for someone with credit problems, and they usually offer a number of secured and unsecured loan products.

Step

Apply for loans on the Internet through popular bad credit installment loan finance companies if your bank or credit union is unable to meet your lending needs. For example, American General is one of the most popular bad credit lenders in the United States. It often approves people with credit problems at reasonable interest rates.

Step

Apply for other bad credit installment loans if rejected by American General. For instance, sites such as DrCredit match applicants with lenders who are willing to work with their unique credit and/or income needs.

Video of the Day

Step

Visit Rebuild if rejected by DrCredit. Rebuild matches people with personal loans and many times does not require a credit check. Its loan terms can be as long as 48 months.

Step

Talk to your employer about a loan, as some companies will offer loans to their employees. You may wish to find out if this is an option for you if you have worked at the business for a long time.

Show Comments

Related Articles

Can I Finance Furniture with Bad Credit?

Can I Finance Furniture with Bad Credit?

The Basics
Personal Loans
By: Michelle Dwyer
How Long Can You Finance a Used or New Boat?

How Long Can You Finance a Used or New Boat?

The Basics
Personal Loans
By: Mallory Malesky

PARTNER CONTENT

4 Habits That Helped Me Stop Scraping By

4 Habits That Helped Me Stop Scraping By

How to Get Moneytree Payday Loans

How to Get Moneytree Payday Loans

The Basics
Personal Loans
By: Sara Mahuron
What Do Poeple Use As Reasons for Personal Loans?

What Do Poeple Use As Reasons for Personal Loans?

The Basics
Personal Loans
By: Ben Taylor
Where to Get a Small Personal Loan

Where to Get a Small Personal Loan

The Basics
Personal Loans
By: Michelle Strait

Get Weekly Savings& Finance Tips.

  • Money
  • Career
  • Investing
  • The Basics
  • About
  • Contact Us
  • Terms
  • Privacy Policy
  • Copyright Policy
© 2019 Leaf Group Ltd. Leaf Group Media

Get Weekly Savings
& Finance Tips.

Money Made Easier.

Please enter a valid email.