Bad Credit Installment Loan

A bad credit installment loan is a blessing for all those who have been denied a loan due to their bad credit score. These are short term loans. These loans are offered for a period of 14 to 31 days, even before their payday could arrive. It is a short term arrangement for their immediate cash requirements. The loan can be repaid in installments.

Features of Bad Credit Installment Loan

• There is no credit check
• No collateral required for unsecured bad credit installment loan
• Very little documentation required
• Bad credit situations like bankruptcy, non payment of loan installments, late payments are eligible for a bad credit installment loans
• These loans gain on quick disbursements
• Easy repayment installments are offered to borrowers
• The interest cost on these loans are very high

Top 5 Bad Credit Installment Loans

The following top 5 companies offer some of the best bad credit installment loans

• Wells Fargo – The Company has been in existence for more than two decades now and has been catering to a number of financial requirements of its customers.
• Citi Group – Citigroup is known for its wide variety of bad credit loan schemes. Some its best mortgage loans schemes and bad credit finance programs puts it in the list of preferred banks for a bad credit and housing loan
• Bank of America – Featuring in the list of top 5 companies offering loan schemes for bad credit loans, Bank of America offers a number of other small loans together with bad credit loans
• Banco Popular – It is one of the most popular banks for bad credit loans.
• Gold West Financial – A leader in mortgage loans, it offers some of the best in bad credit loans.

While the economic meltdown did wash away even some of the giants in the industry, only a few able to stand the storm and rise again. Very low interest rates and home mortgage lending and refinancing spree has given rise to the increase in the number of loan disbursements.

Are you really interested in knowing the top 10 performers during the second quarter of 2009? Well, then here is a list of US Companies that have fared well in the business of mortgage loans and refinancing.

Top 10 US companies for Mortgage Refinance

• Well Fargo - Sustaining its position as one of the countries leading mortgage lender Wells Fargo tops the list of best mortgage refinance companies in the US. Home loan originations have seen a substantial rise in the second quarter of 2009 of 28%, which means big business. The company has definitely picked up from its previous performances.
• Citigroup - After all the drama and climax, finally Citigroup started recovering with substantial business and a fairly increased production of home loans and refinances. 42% increase in business during the second quarter is a positive note.
• Bank of America – Finding a place in top 10 list of mortgage refinance lenders Bank of America a definite performer in the mortgage business. Its loan origination figures have crossed $100 billion.
• Residential Capital LLC – Residential capital is a real estate finance company offering innovative capital solutions to customers from across the world. The company is a market leader both in the US and UK.
• Met Life Inc – The Company has operations in India and most parts of Europe and Asia. Together with insurance services the company also offers financial services to its customers.
• Quicken Loans – A variety of home mortgage loans are offered by the company. It is one of the best online home mortgage loan processing company and retail mortgage lender.
• Sun Trust Bank Inc - It specializes in a number of services like banking, mortgage lending, credit card, mutual funds, insurance and asset management services. The bank has more than 1500 branches in southern United States.
• Flagstar Bank Corp – Consumer financing, mortgage financing, asset management and banking services are the products offered by Flagstar. It is the holding company for Flagstar Bank. It is a national leader in the business of mortgage lending.
• JP Morgan – One of the oldest financial services company, JP Morgan offers a number of services namely commercial banking, investment, card and retail financial services namely mortgage lending and auto finance. It has the largest market capitalization among the banks in the US.
• US Bank Home Mortgage – US bank specializes in online banking, credit card processing, loans especially mortgage loans and wealth management. Online home mortgage processing and refinancing services offers great advantage prospective borrowers looking forward to find the best of home mortgage deals.
• PHH Mortgage- PHH offers one of the leading and best of Mortgage Solutions in the country. With its process efficiency, multi channel business, customer service it offers mortgage loan and refinancing services at a different level altogether.