Frequently Asked Questions

What are installment loans?

Installment loans are short term loans designed to give you quick funds whenever they are needed. These specialized loans began as borrowers utilizing the services of special lenders to secure funds they'd normally get in a paycheck from an employer a short time before they were due to receive it. Borrowers would then pay those lenders back in installments.

Installment loans can sometimes be difficult to understand, but at, we make it a priority to ensure all of our existing and potential new customers are informed about the lending process from start to finish. Take a look at our How it Works page to see what's involved and learn more about how you can get started.

Something that sets us apart from some of our competitors is that there are no credit restrictions in order to apply. While we cannot guarantee approval to all customers, we'll work with borrowers from all credit scenarios, whether you have excellent, good, fair, or poor credit.

At, we can provide up to $1,000 in short-term loans for most customers. Certain scenarios may disqualify some applicants from receiving the maximum amount, but those applicants may still receive a lesser amount depending on their specific qualifications.

Interest rate is always determined upon two things: the details of your application and the term of your installment loan. This information will be provided to you before signing to receive your funds. At, there is zero cost to apply and all interested customers are encouraged to do so.

We strive to provide both the fastest and most trustworthy installment loan services available. However, we cannot guarantee same-day deposits. In many cases, we can provide funds to approved borrowers within 24 hours, but this is largely dependent on the timely completion of necessary documents and receipt of all application materials. Bank processing times may also impede deposits.

Repayment schedules depend largely on each loan and can vary on a case-by-case basis. In many cases, approved customers may have several months to repay their loans.

Your trust is our number one priority. We've created a secure online portal here at to ensure your sensitive information isn't compromised. We've equipped our web portals with GoDaddy SSL Certification to make sure the only people seeing your information are members of our team.

Missed payment penalties are assessed according to your specific loan agreement. Reach out to our customer support team as soon as possible if you are unable to make a scheduled payment on your loan.

You must be at least 18 years old (19 if residing in AL or NE) and have:

  • A job or proven source of income
  • An email address
  • An active and valid checking account
  • Reside in a state in which Helpful Lending does business

All signed Loan Agreements are subject to verification of prior loan history and application information. Your online application will either be approved or declined based on our evaluation of the information you provide. In some cases, we may need to ask for additional information. But for most customers, it's quick and hassle-free.