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What’s An Installment Loan? Types of Installment Loans

What’s An Installment Loan? Types of Installment Loans An installment loan is a method to borrow cash, typically for an individual big purchase such as a vehicle, home or university education. After getting approved with a loan provider, the borrower gets a swelling amount and repays the mortgage over a group term in monthly premiums, or installments. Installment loans work differently than revolving credit, such as for example credit cards, which offer a line of credit to constantly borrow from [...]

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