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Installment loans are typically used for purchases of big-ticket items like furniture, vehicles, and even houses. Yep, a mortgage is an installment loan. The average installment loan usually requires a decent or even good credit score, but if your credit score is high enough to qualify, this may be a good way for you to go.
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.
Installment loans are available numerous places, including banks, credit unions, online lenders, and short-term, no-credit-check lenders who may also offer payday loans or auto title loans. I’ve already discussed why the latter companies are bad news, but that still leaves you with plenty of places to shop.
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Installment loans online are becoming popular all over the world and unite the best traditional loans without any obligations. We provide loans on installments instantly, without additional red tape, even if you have bad credit.