About NILA

/About NILA
About NILA 2024-01-22T17:18:38+00:00

Formed in 2008, the National Installment Lenders Association (or NILA) is a membership organization dedicated to improving understanding of the nature and benefits of traditional installment loans, particularly among policymakers at the federal, state and local levels.

NILA members provide safe and affordable loans, underwritten and repaid in regularly scheduled installments that give borrowers a clear roadmap to pay down their debt. Traditional installment lenders report loan performance to the major credit bureaus, enabling responsible borrowers to improve their credit scores and helping consumers build or repair credit scores while providing tools to help them achieve their financial goals.

A Policy Solution

NILA members believe traditional installment loan structure is the best model for small-dollar loans, offering the least risk and best opportunity for financial security and increased opportunity for millions of Americans. For this reason, NILA sees traditional installment loans as a potential policy solution for policymakers who wish to crack down on predatory lending while maintaining wide access to credit for borrowers who can benefit from it.

NILA members serve the communities in which they are based—from brick-and-mortar offices through loan officers who live locally.

NILA members are licensed, supervised and examined by the state in which they are located.

State Associations

NILA has a number of affiliated state organizations that conduct similar activities within their specific states. More information, including contact details, for these organizations are here on the State Groups Page.