Access to Extra Money When You Need it Most

No one likes to think about medical emergencies, but they can happen at any time. And when they do, the costs can be astronomical. If you don't have insurance or enough savings to cover the expense, an installment loan can help. At Spotloan, our easy applications and fast approvals make obtaining a loan as seamless as possible in the event of a medical emergency.

What is an Online Installment Loan?

An online installment loan is a payday loan alternative that provides individuals with access to small loans even if they have bad credit. This type of loan has fixed interest rates and repayment periods, making it easier for borrowers to plan for each payment as opposed to payday loans which are usually due in full when payday arrives. Unlike payday lenders, installment lenders are more lenient with the requirements and may not require a good credit score or collateral to be eligible for an installment loan. Installment lenders can become a great resource for people who need quick access to funds but do not have the financial means to secure payday loans.

The Benefits of Taking Out an Online Installment Loan

In the event of a medical emergency, taking out an online installment loan can be a great option if you're looking for short-term financial assistance as it provides more flexibility than some payday loans. As mentioned, an online installment loan is an emergency personal loan that's repayable over a fixed period of time, which allows for greater control over payments and when the debt is to be repaid in full. Not only do these loans provide quick access to funds but they also offer lower interest rates than payday lenders. What's more, these short-term loans can help people repair their credit rating by offering an opportunity to demonstrate responsible financial behavior when repaying the loan in accordance with the predetermined repayment plan. In short, taking out an online installment loan can be a great choice if you're in need of some extra money without worrying about added costs or typical payday loan hassles!

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The Best Alternative to Payday Loans

In today’s world, hospital bills can be hard to pay for. Finding a way to cover the costs when facing an unexpected medical emergency can be difficult in times of financial distress. For those who do not have insurance or need more money than their insurance covers, our online installment loans allow you to obtain the money you need without demanding immediate repayment. Learn more about our quick and easy emergency loans on our How Spotloan Works page!

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Spotloan is a brand owned by BlueChip Financial ("BlueChip"), a tribally-owned entity organized under and governed by the laws of the Turtle Mountain Band of Chippewa Indians of North Dakota, a federally recognized Indian tribe (the "Tribe"). BlueChip is located on, operates within, and originates and services loans from the Tribe’s reservation. Though Spotloans are available to residents of certain states, consumers should know that BlueChip’s lending license is issued by the Tribe's Lending Commission, and not by the states in which its consumers may reside. Although the visitation is electronic, consumers are coming on to the Tribe’s reservation and subject to the Tribe’s jurisdiction to obtain a Spotloan.