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Installment loans require monthly payments to pay the loan.

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โˆ™ 2014-12-03 19:00:49
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โˆ™ 2020-07-05 19:48:13

They usually require a down payment.

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Q: What describes an installment loan?
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What is the installment loan?

An installment loan is a loan that is repaid over time with a set number of scheduled payments. The term of loan may be as little as a few months and as long as 30 years. A mortgage, for example, is a type of installment loan.


What does i8 rating on credit bureau mean?

i = installment loan. 8 = repossession. i8 = repossession of an installment loan (like an auto loan).


What is an installment loan?

An installment loan is a broad, general term that refers to the overwhelming majority of both personal and commercial loans extended to borrowers. Installment loans include any loan that is repaid with regularly scheduled payments or installments.


What does an installment loan mean?

An installment loan is a loan paid with interest in equal periodic payments, in other words it is a loan that is repaid over time with the set number of schedule numbers.


What happens if you do not pay your check n go installment loan?

The loan will be a default loan


What is Installment Loan?

A loan in which the amount of payment and the number of payments are predetermined.


Is an installment loan a good idea?

An installment loan is a good idea,where you don't have to make guesses what payment one has to make every month.


Is a loan with a lower present value preferable to a loan with a lower periodic installment?

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Is installment credit a continuous loan the borrower must repay?

An installment loan is a loan that is established for a set time frame where the borrower makes consistent payments until the note (loan) is paid in full at the end of the term. A car loan is an example of an installment loan. The loan only continues for the set term (length) and you only make payments during that time frame. At the end of the term, the loan is paid in full.


Is the amount added to the principal of a loan by the lender?

interest


Describes installment loans?

They usually require a down payment.


Where can I find more information about bad credit installment loans?

One can find information about bad credit installment loan on a number of webpages. Personal Loans 24/7 and FirstInstallmentLoans are examples of websites where one can find more information about bad credit installment loan.

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