Two hallmarks of the traditional installment loan industry are prompt loan consideration and loans that are given face-to-face, helping individuals and households to meet a variety of financial needs and unexpected emergencies. These responsible and disciplined personal loans can also help provide for a special goal in a person’s life.
The Personal Loan: A Safe and Disciplined Way to Borrow Money
Today traditional installment loans, also known as TILs, are the same as they have been for almost 100 years. They provide a safe, affordable, and financially disciplined way for American consumers to borrow money and move forward in life.
A Loan That is Needed Now More than Ever
TIL consumers come from all walks of life. A recent FDIC Small Loan study confirmed that there is a significant and widespread need for small-dollar personal loans among U.S. consumers. Small-dollar installment loans continue to be in demand for unexpected personal expenses and important household purchases. This is as true today as it was over 100 years ago, when the licensed and regulated traditional installment industry was created.