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Installment loan what is
Installment loan - Wikipedia, the free encyclopedia
An installment loan is a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan.
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Definition of installment loan: A loan that is repaid with a fixed number of periodic equal-sized payments.
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An installment loan can also be referred to as installment debt. An installment loan is granted to a borrower with a fixed number of monthly payments that are of Payday and short term loans
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With an installment loan, you borrow a specific dollar amount from a lender and agree to pay the loan back, plus interest, in a series of monthly payments.
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The installment loan was going to become due and mature in the following year so we began planning our budget accordingly.
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Installment Loan Costs/Fees. As with most personal loans, installment loan fees and amounts will vary by state. Interested in what those fees and loan amounts might be?
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Installment loans are consumer loans payable in equal monthly amounts of principal and interest. Installment loans are available as unsecured and secured loans.
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