What Do You Need To Qualify for Installment Loans in Wisconsin?

February 26, 2021 | Louis Tully

installment loans wisconsin

This pandemic has been hard on Americans. Most of our incomes and savings have been affected one way or another – the paychecks have shrunk, the savings have been burned through, and if you weren’t likely to cover an unexpected expense from your paycheck alone before the Covid-19 hit, then you’re even less likely to be able to do it now, which is where places like installment loans Wisconsin come into play.

This means, if you do find yourself facing unexpected expenses, you need to figure out a way to get some cash together – and you need to do it fast. Most financial emergencies can’t be postponed – that’s why they’re emergencies. When you don’t deal with them right as they pop up, you risk the problem getting worse with every day you postpone dealing with them – risking a rather more expensive solution down the line at best, and an unfixable situation (a car that can’t be fixed, an emergency surgery that could be avoided with a timely doctor’s visit, an ill pet the vet cannot help anymore).

If you ever find yourself in similar situations, applying for a short-term fast installment loan could be a great solution.

How To Apply For Installment Loans Wisconsin

What Makes Installment Loans Wisconsin An Optimal Way to Deal with an Emergency?

Applying for signature installment loans is an easy way to get the cash you need as fast as possible.

The entire application-approval process usually lasts under an hour – more often than not it’s finished in around 30-40 minutes – and you get the cash you need the very same day. The application process is simple and straightforward, and you only need to satisfy a few requirements.

Here’s What You Need to Qualify for Installment Loans Wisconsin:

1. You Must Be Over 18 – And Able to Prove It

Only those who have already turned 18 can apply for installment loans.

What’s more, you need to have a photo ID to prove your identity and age – either a government-issued ID or a valid driver’s license.

If you don’t have an identification – you won’t be considered for the loan.

2. You Must Have Some Sort of Income

You will be asked to provide proof of income alongside your valid government-issued ID. Your most recent pay stub will do.

Any and every type of income will be accommodated when you apply for the signature installment loans – but the lender must see that you do have a regular income that can be used to pay off the loans.

As long as you can provide the pay stub to the store representative you’ll be working with, they’ll do their best to not only accommodate you through the loan approval process but set up a payoff schedule that will be the most comfortable for you to adhere to.

3. You Must Have An Active Checking Account in Your Name

This tends to be the big one – unfortunately, the lender won’t be depositing loans into your relative’s or friend’s checking account.

You must have one that’s in your name – and it must be active (frozen checking account won’t do you any good).

As long you have these three documents in order, you’re a candidate that’s highly likely to get approved for installment loans Wisconsin.

apply for installment loan in wisconsin

What You Don’t Need to Qualify for Installment Loans Wisconsin:

1. You Don’t Need A Good Credit Score

If you’re hesitant about applying for an installment loan because your credit score is bad (or even outright non-existent), you can go right ahead.

While at a more traditional financial institution, like a bank, a bad credit score could easily get you rejected, that’s not the case with Installment Loans Wisconsin.

In fact, nobody cares about your credit history – as long as the required documents are in order, you’re eligible for approval.

2. You Don’t Need A Collateral

Signature installment loans are an unsecured type of short-term fast loans.

This means you won’t need to provide either collateral or a guarantor to be approved for them.

How Do I Apply for Installment Loans Wisconsin?

As mentioned before, the application process for Installment Loans Wisconsin is pretty simple and straightforward. In fact, you can start the process from the comfort of your own couch, without having to leave the apartment.

Here’s how you do it:

  1. You go to the website and fill out the online inquiry form;
  2. You wait for the store representative from the nearest Installment Loans Wisconsin location to get in touch with you and set up a meeting;
  3. You bring the required documentation – your government-issued ID, your most recent pay stub, and a statement from a checking account open in your name – to the meeting;
  4. You wait for the store representative to assess the documents and determine if you qualify for the loan and how much cash you should get;
  5. You get approved and get the cash you applied for.

Struggling with your finances is never something one wants to deal with, but sometimes it may be out of our control. If you find yourself in that tough spot, turn to places like installment loans Wisconsin for same day installment loan cash!