It is a very big misconception that if you put your installments in shorter sums of money and make them last long the it will be very easy for you to pay the money off but what people don’t get is that longer they stick to their installments and larger the sums of interest people have to pay. Bad credit installment loans are passed mainly after settling a shorter schedule in which all the money is paid completely in about 2 to 3 months or maximum 5 to 6 months but that happens only when the loan is of a shorter kind but if you are applying for a big loan like house loan or car loan from a person who is linked with the business of bad credit installment loans then the duration of the installments may prevail for the longer time being.
Although the priority of a borrower should be that he must tend to pay up all the installments in short period of time if he can because this will not only save his extra money going to the lender under the title of interest but will also give you a relief sooner that finally you are free from all the burden of loan. Another plus point of short term loan is that you get money in about fifteen to thirty minutes as the money is transacted to your account within no time. The state of your financial position is always checked strictly even in the case of bad credit installment loans.