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A couple of forms of installment loans are mortgages, automobile financing, & unsecured loans.

A couple of forms of installment loans are mortgages, automobile financing, & unsecured loans.

What exactly is an installment loan?

An installment loan is a kind of loan in which a consumer borrows a group amount of cash at some point. This loan is paid back in monthly payments as well as the equal payments are often a fixed amount over that period of time. These kinds of loans are advantageous as the APR and rate of interest are fixed over that payment period in opposition to revolving debt like bank cards that may alter with time. Read More »


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