WHAT ARE INSTALLMENT LOANS?

What have been Installment Loans?
Advantage and waste of it????

{ 2 comments }

SG Elite February 20, 2014 at 9:43 pm

Installment means payments made on money owed over an agreed period of time. No advantage because no installments come interest-free.

Pete S February 20, 2014 at 9:45 pm

Installment loans are loans you get to buy something, such as a car, motorcycle, boat, etc. Installment loans use collateral as a form of securing the debt, and are also called secured loans.

There’s a lot of information in “Personal Finance 101 – A Beginner’s Guide” found at http://www.GoldenRocFinancial.com and Amazon.com on loans, what they are, how you get them, and more.

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