answersLogoWhite

0


Best Answer

An installment plan, is a method of buying on credit, enabling people to buy goods and sometimes services with payments over an extended period, without having to pay much or any money at time of the purchase. Banks or other financial firms provide the money at varying interest rates from low to extraodinarily high. When first introduced, advertisers pushed for the installment plan idea with such slogans as "You furnish the girl, we'll furnish the home" and "Enjoy while you pay."

User Avatar

Wiki User

โˆ™ 2006-03-29 19:04:35
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: What is an installment plan?
Write your answer...
Submit
Related questions

What are the advantages of buying something on an installment plan?

advantages of installment buying


What are the release dates for On the Installment Plan - 1911?

On the Installment Plan - 1911 was released on: USA: 9 February 1911


What actors and actresses appeared in The Installment Plan - 1917?

The cast of The Installment Plan - 1917 includes: Victor Moore


What actors and actresses appeared in The Installment Plan - 1920?

The cast of The Installment Plan - 1920 includes: Milburn Morante


Who created the installment plan?

Alfred.P.Sloan


What are the release dates for A Pitfall of the Installment Plan - 1913?

A Pitfall of the Installment Plan - 1913 was released on: USA: 6 October 1913 UK: 4 December 1913


How do you say 'installment' in Bulgarian?

INSTALMENTn вноска, свезка, частon the INSTALMENT plan на изплащане


What was the first consumer product purchased on an installment plan?

Encyclopedia


Which new method of buying was introduced in the 1920s?

the Installment Plan


What actors and actresses appeared in The Installment Plan Marriage - 1913?

The cast of The Installment Plan Marriage - 1913 includes: Joseph Belmont as The Husband Lillian Hines as Lillie - the Wife


What was the installment plan of the 1920s?

The installment plans of the 1920s were pretty much the same as any other installment plans. Installment plans are credit systems where payment for merchandise/items is made in installments over a pre-approved period of time. In the 1920s, the items people could purchase with an installment plan included: automobiles, automobile parts, household appliances, radios, phonographs, pianos, and furniture.


In the 1920s people used installment plan to buy what?

household appliances.


Can you pay your outstanding credit card bill on installment plan?

yes


Developed the idea of selling goods using the installment plan?

Isaac Singer


Who developed the idea of selling goods using the installment plan?

isaac singer


What was the first product purchased on an installment plan in 1856?

The Singer Sewing Machine


By 1925 about 75 percent of cars were bought using what method of financing?

installment plan


What is the installment plan of 1920s?

it was a credits that merchants used to sell. knows as pay as you go.


What is a practice that allowed a product to be purchased using credit provided by a retailer?

the installment plan


Explain what is hire purchase contract?

It is what an American would call, "installment plan buying".


What is Debt management plan responsibilities?

The most responsibility is to manage it. Mean make a plan how will you pay the debt and what the interest will be on it. And if you have installment, then what the installment will that you can manage it and save the money for monthly investment on the <a href="http://www.refreshmoney.ie/debt-management">Debt Management Salary</a>.


Buying stock on margin and buying on the installment plan are similar in that both?

They are both forms of borrowing.


How is buying on margin similar to buying on an installment plan?

Margin is only offer on purchase of securities.


What effect did the installment plan credit's have on the average person?

Bruh y'all f**ked with this answer -herbs


Why was the installment plan so popular in the 1920?

The installment plan allowed Americans with little or no money to still buy things they felt they needed. It was a buy now, pay later. They saw this as an easy opportunity to give their families the luxuries they could not afford to pay.