The definition of вЂњinstallment loanвЂќ relates to any sort of customer loan that is repaid as time passes on a fixed routine. Installment loans can be used to combine other debts, build credit, or fund purchases that are big homes or automobiles. To obtain a better examine exactly just how these loans could affect your money, we examined the most typical forms of installment loans, in addition to alternate items for those of you searching entirely to build credit. Continue reading What exactly is an Installment Loan? probably the most typical forms of installment loans are mortgages, auto loans, and loans that are personal.