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What is an installment loan?

Monday, July 27, 2015
With an installment loan, you borrow a specific dollar amount from a lender and you agree to pay the loan back, plus interest, in a series of monthly payments. Qualifying for an installment loan is a great way to pay for a car, home or even pay a portion of a college degree. Home equity loans, which can come in handy for home repairs and maintenance, also are installment loans. With an i ..

 

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Disclaimer: Improvement of your credit score and/or particular results vary per client. We cannot guarantee any results or improvement as stated in our Guarantee Disclaimer. Following our best results practices and educational consulting, we do typically see improvement in credit scores.