Installment Loans

The main differences are the loan amount, repayment terms, and payment structure. Payday loans are typically smaller ($100-$500) and require full repayment in a single lump sum on your next payday (usually 2-4 weeks). Installment loans offer larger amounts (up to $5,000) with repayment spread over multiple scheduled payments (3-24 months). Installment loans generally have lower interest rates and are designed for larger expenses or longer-term financial needs.

BigSkyCash offers installment loans ranging from $500 to $5,000, depending on your state of residence, income level, and other qualifying factors. First-time borrowers may qualify for lower amounts initially, with the opportunity to borrow larger amounts after establishing a positive repayment history. The exact amount you qualify for will be determined during the application process.

Our installment loans offer flexible repayment terms ranging from 3 to 24 months, depending on the loan amount and your preferences. Payments are typically scheduled monthly to align with your pay schedule. Each payment includes both principal and interest, with the loan being fully paid off by the end of the term. Your specific repayment schedule will be clearly outlined in your loan agreement before you accept the terms.

Yes, BigSkyCash offers installment loans for people with less-than-perfect credit histories. We look beyond just your credit score and consider factors such as your current income, employment stability, and ability to repay. While having good credit can help you qualify for better rates, bad credit doesn't automatically disqualify you from getting an installment loan. We believe in giving people a chance to access the funds they need, regardless of past credit challenges.

After approval, funds are typically deposited directly into your bank account as soon as the next business day. Applications completed and approved before 11:30 AM ET on weekdays may be eligible for same-day funding in some cases. The exact timing can depend on your bank's processing schedule and when your application is approved. We strive to provide quick access to funds when you need them most.

No, BigSkyCash does not charge prepayment penalties on our installment loans. You're welcome to pay off your loan early, in part or in full, without incurring any additional fees. Paying off your loan ahead of schedule can actually save you money on interest over the life of the loan. This flexibility allows you to manage your finances in the way that works best for you.

If you anticipate difficulty making a payment, it's important to contact us immediately before the due date. We may be able to offer solutions to help manage your repayment schedule. Missing a payment without communication can result in late fees, potential negative impacts on your credit score, and additional interest charges. Our goal is to work with you to maintain a successful repayment relationship, so please reach out if you're experiencing financial challenges.

Yes, installment loans can help build or rebuild your credit history when payments are made on time. We report payment activity to major credit bureaus, which means that consistent, on-time payments can positively impact your credit score over time. This can be particularly beneficial for those with limited credit history or past credit challenges who are looking to improve their financial standing.