titofigueroa777
titofigueroa777 titofigueroa777
  • 31-10-2018
  • Business
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What is installment credit

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aveah
aveah aveah
  • 31-10-2018
googles answer:
An installment loan is a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage, for example, is a type of installment loan.

short answer: A loan with specific monthly payments, Terms, interest.
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Pitymys Pitymys
  • 02-11-2018
This is a Payment made monthly to an organisation on a specified date where the money is paid on credit every month
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