Installment Loans vs Payday Loans

Affordable payments over time.
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Customized Payment ScheduleAt Lift Credit our loans are designed to be paid back over time with simple easy payment schedules.
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No Prepayments FeesAt Lift Credit, we never penalize you for paying off your personal loan early. We congratulate you.
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Rewards Program†For each on-time payment you make to Lift Credit, you get 1% of that interest back.
Payday Loan Companies
Full payoff plus interest and fees.
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Strict Payment ScheduleWith payday lenders, the loan is due in full plus interest in a single payment. Some companies will extend the loan for two weeks, but they charge a fee and even more interest.
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Hidden FeesWith some payday loan companies there can be service charges, prepayment penalties, and down payments that are required.
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No RewardsCan vary from company to company, but we have found that many do not offer any.

Affordable payments over time.
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99% - 399% Interest RateWith Lift Credit, if you make your payments on time, your rates decline.
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Customized Payment ScheduleAt Lift Credit our loans are designed to be paid back over time with simple easy payment schedules.
-
No Prepayments FeesAt Lift Credit what you see what you get. There are no hidden fees.
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Rewards ProgramFor each on-time payment you make to Lift Credit, you get 1% of that interest back.
Payday Loan Companies
Full payoff plus interest and fees.
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400%+ Interest RateLoans can start at 400% and be even higher depending on the state and how short the loan term is.
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Strict Payment ScheduleWith some payday loan companies, it can be as limited as one payment payback which demands the full payment plus the interest.
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Hidden FeesWith some payday loan companies there can be service charges and down payments that are required.
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No RewardsCan vary from company to company, but we have found that many do not offer any.
Why You'll Love Lift Credit's Personal Loans
Easy & Quick Installment Loan Application
- Applying for an installment loan with Lift Credit is quick and easy.
- Our online application only takes minutes to complete.
- You just need to provide your two most recent pay stubs and a valid color ID.


Affordable Payments
- Paying off a loan has never been easier! Our installment loans are specifically designed to be paid back with simple, easy payments.
- Our experts will help you create a customized payment plan that works with your financial situation so you can always stay on track.
Deposited in 24 Hours
Lift Credit installment loans are a great way to go if you need cash fast.
- You can expect a loan expert to review your application within 30 minutes of submission during business hours.
- If approved, up to $5,000 will be directly deposited into your bank account by the next business day.


No FICO Credit Score Check
- No credit? No problem! Lift Credit never checks your FICO credit score, so you don’t have to worry about it fluctuating.
- We also offer installment loans for all types of credit scores and backgrounds. You can still be approved for a loan even with bad credit!