Have you ever encountered a situation where you realized you might have to leave one or two monthly bills unpaid past their due dates? Perhaps a paycheck was late, you changed jobs, or faced an unexpected expense that drained your account between paychecks? Believe it or not, this is a very common occurrence for many people. While it may seem like your only options are to let those bills remain unpaid until you have money to pay them, make difficult cuts to your monthly budget, or apply for a new credit card, traditional installment loans can be the ideal alternative.
If you live in Missouri, Western Shamrock offers low-dollar installment loans with fixed interest rates. Qualifying borrowers can receive up to $1,500 to help them pay their household utilities, credit card payments, student loan payments, and other bills on time. These loans can also provide a little extra flexibility for sudden unexpected emergencies that would otherwise leave you without money for everyday expenses.
What Is a Traditional Installment Loan?
Western Shamrock is a leading provider of loans for unexpected bills in Missouri. As a verified traditional installment lender, we specialize in offering short-term financial flexibility with reasonable interest rates and repayment terms. These loans are small-dollar personal loans and there is less risk involved. This allows Western Shamrock to determine eligibility, repayment terms, and interest rate based on a narrower scope of factors than other lenders may require.
Unlike mortgages, auto loans, or lines of credit in the tens of thousands of dollars, traditional installment loans are limited under state law. In Missouri, these types of loans cannot exceed $1,500. While this may not sound like much, it can be just enough to pay monthly bills on time, avoid the penalties and fees associated with late or missing payments, and help families in Springfield, Joplin, and beyond stay on top of their budgets.
Why Would I Need a Loan for My Bills in Missouri?
Unexpected issues paying bills is a common problem. The average household income in America is about $90,000. Most American families will spend at least one-third of their household income on rent or mortgage payments, household utility bills, food, and other regular living expenses. In Missouri, the average household income is $53,560
When due dates that typically have time between them suddenly intersect, or when an emergency occurs, and you are left with much less cash on hand than you usually have, traditional installment loans can be incredibly helpful. They allow you to handle your short-term financial obligations with confidence and negate any penalties you might incur by leaving your bills unpaid. Since they are small-dollar loans, repayment is affordable and straightforward with Western Shamrock.
Applying for and Handling a Traditional Installment Loan
It’s vital to choose a reputable and verified traditional installment lender if you want to explore loans for bills in Missouri. Western Shamrock works closely with every potential borrower to ensure that we can provide the relief you are looking for with acceptable repayment terms. We understand how difficult it can be to face unpaid bills but allowing them to remain unpaid is not wise. The team at Western Shamrock will evaluate several factors, such as the ability to pay and overall financial need, and decide fair terms for your loan.
To apply, you will need to provide some necessary personal and financial information such as proof of residence and proof of income. Western Shamrock may also require additional information depending on the size of the traditional installment loan you would like, and the repayment terms you would prefer.
If you can’t pay your monthly bills and want to ensure that you do not incur penalties that can worsen the problem, obtaining a loan for your bills from Western Shamrock can be the perfect solution. Start your application today, and the Western Shamrock team will be available to you to answer any questions you may have.