We all have faced a financial burden at some point in our lives. Simple workarounds such as borrowing money from a friend or family members can help sort a few financial problems; there are times when you just can't access any money. While most people turn to credit cards, the high-interest rates charged by these service providers only make life harder, particularly if you have maxed out your credit card already.

Some people however do not or never use credit cards but rather go for installment loans instead.

Some of the reasons why careful people go for online installment loans is that they are not only flexible, incredibly easy to get, and easy to qualify for.  The many benefits that come with applying for online installment loans make it a preferred option for many people. Some of the advantages include:

• Your credit score does not count

• Applications are made online, hence no need to leave your house/office

• Most loans are processed and approved within a 30-minute window

• Money is wired directly to your account in less than 24 hours.

• Guaranteed financial privacy

• Installment loans are more affordable than conventional loans.

• No guarantor or up-front costs

• The transaction is handled on secure and encrypted connections, meaning your financial and personal information is safe.

• The ability to make payments in small installments makes it more affordable for most people.

If you are in a financial fix, and most of your friends/family are broke, you can then seek financing from an online installment lender. Using an installment loan only when in a fix can help you get through the financial situation/emergency, and even take you in between paychecks. This type of loans come with an easy repayment schedule with most lenders offering an extension but at a fee.  You however should seek extension only under unavoidable circumstances.

Whether living off the grid or in rural areas, you should still be able to access installment loans with ease. This also applies to those vacationing or had taken a weekend getaway away from their homes or city life. With an internet-enabled device, you should be able to apply for an installment loan online and have the money wired to a preferred account. The loans are handled discreetly and in a quick manner, such that you will be able to get back to your life quickly and easily.

Online installment loans are specifically created for individuals facing a financial emergency but have nowhere to turn. Whether your credit score is good or not, you should be able to get a loan specially designed for you. In addition to this, you never have to put up anything as surety, for the lenders do not need it anyway. Whether looking for funds to clear your school fees, clear a due loan, or even need to pay a utility bill, online loans have you covered. The fact that you will be able to access funds in less than a day make these type of loans a lifesaver for many people.