Installment loans for bad credit people cater both short-term and long-term needs. The former does not require collateral, but the latter requires it.
• The maximum duration for short-term installment loans is three years (36 months).
• The duration for long-term installment loans can go up to 15, 20, 25 or more years.
Direct lenders decide the length of the loan on basis of your credit needs and affordability.