Unlike revolving personal lines of credit, that can come with charge cards, installment loans need predictable re re payments. You know how much you owe and when it is due when you take out an installment loan.

The perk of a installment loan is the fact that it is possible to pay back in a collection period of time. Read More — Installment Loans. Automotive loans, signature loans, home loans, and figuratively speaking are typical considered installment loans.

Installment Loans. Automotive loans, signature loans, home loans, and figuratively speaking are typical considered installment loans. Unlike revolving personal lines