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Installment loans can be used to cover a down payment for purchase, giving you an alternative to other, more expensive forms of credit. Medical bills If you’re struggling with medical debt, you can borrow a lump sum with an installment loan to wipe out your medical bills.
The Best Guaranteed “Installment” Loans for Bad Credit Named for the method of repayment, installment loans are repaid through a series of regular, set installments — typically monthly payments.
Many people turn to personal installment loans — loans that require repayment with a set schedule and payment amount — for all the expenses that are a bit too big to afford immediately. Finding the right loan can be tricky, and particularly so for those with more dips than peaks in their credit history.
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