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Person looking through documents hoping they can use a loan to pay their bills

Loans for Bills: 3 Reasons Why Americans Borrowed Money in 2022

Bills are a natural part of life, and when trouble hits, it may impact your ability to pay. If you're struggling to handle your bills, it might be time to consider an installment loan to cover your expenses.

Installment loans are a good option to help you cover a sudden expense like a medical bill, an expensive car repair, or a business travel emergency. Simple Fast Loans has a simple verification process and quick loan decisions to set you back on the right path.

There are a lot of stressful situations that prompt the need for a loan to cover bills. Thankfully, there are different types of loans you can rely on for these situations to keep your head above water.

When Do You Need a Loan?

Before diving into the different types of emergency loans you can take advantage of, it's worth looking at when it's prudent to get a loan.

It would be best to rely only on these tools when you have no other option. Situations like the following are good reasons to look into an installment loan:

It's important to note that you should always plan how you will repay the loan, regardless of why you need one. Sticking to the repayment schedule will make your job much easier to manage when you understand your obligations.

Medical Emergencies

A medical emergency is the first situation in which you might consider an installment loan, and for good reason. It's not like anyone is expecting to get sick suddenly and need to go to the ER. However, when you or your loved one's health is impaired, you must get the treatment you need, regardless of cost.

Those expenses, however, can rack up, which prompts the need for a loan to cover those bills. In addition, medical billing departments are a mess; these bills can stick with you for months, even years if you don't pay up. The last thing you want is for the billing department to hand over your debt to a collection agency.

Medical care team talking to a patient

Major Home or Car Repairs

Your home and car are likely your two most valuable assets; if they are compromised, you should get them fixed as soon as possible. As any repair technician will tell you, it's a lot easier to deal with a problem when it arises than waiting to cause further damage to your assets.

Some repairs that might require an installment loan include a transmission replacement, engine repair, or any structural damage to your home that makes it an unsafe environment for you. Fixing these problems sooner rather than later can be impossible if you don't have the money on hand, which is where you can rely on a loan to help you out of a jam.

Man working on car

Important Business Travels

There are times in your career when you'll need to travel to meet with clients or interview for a new position. While these times are certainly exciting, they also tend to incur a lot of expenses — traveling is not cheap, and if you don't have the money to cover it, you could be left unable to pursue your business goals.

You can rely on a loan to help cover travel expenses so that you can follow up on your business ventures without worrying.

Woman on train

Installment Loans

Installment loans are a way to get you the cash you need quickly. The last thing you want when hunting for a loan is to get bogged down in a complicated application process.

Simple Fast Loans takes the hassle out of applying with their quick online loan decision process, which can accelerate the process to get the fast cash you need sooner rather than later. Some of the benefits of an installment loan include the following:

  • Loans from $200 to $3,000
  • Flexible repayment periods
  • A quick and easy application process
  • Instant loan decisions

To apply for an installment loan, you'll need to meet the following criteria:

  • Have a valid government-issued photo ID
  • You must have an active checking account with most of your income deposited
  • Must have a valid, reachable phone number
  • Must have a valid Social Security Number
  • Must be at least 18 years of age
  • Must not be a member of the military

Simple Fast Loans is committed to keeping your information safe, and you can look over all of the terms and fees before you sign the documents for an installment loan.

Getting Started with Simple Fast Loans

The application process through Simple Fast Loans is simple and fast (hence the name). You can start your online application today if you have your basic information! You'll generally need the following to apply for any of the three loans offered by Simple Fast Loans:

  • Proof of ID
  • Income statements
  • Social Security Number

You will need to be at least 18 years of age to qualify for an installment loan, but once you've filled everything out, you'll get a loan decision immediately.

The fees, terms, and repayment schedules are laid out for you to review. You never have to worry about hidden fees, and Simple Fast Loans will never use or sell your personal information on other websites.

If you ever have any questions about your loans, repayment, or anything else, then feel free to contact Simple Fast Loans for support, and their staff will be more than willing to help you with anything you need.

Starting today is as simple as filling out the online application form, and once you sign your loan agreement, you'll be able to get the money you need as soon as the same day or the next business day.

Apply Online Today!

Life can hit you hard sometimes, and if you're struggling to keep your head above water, then Simple Fast Loans has the resources you need to pay off large bills quickly.

Their straightforward application process, instant loan decisions, and fast cash-out times make them a reliable resource whenever you need loans to cover bills.

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