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Source: https://easyqualifymoney.com/what-is-an-installment-loan-how-does-an-installment-loan-work.php

Category: Business

Tags: installment loan

An installment loan is a type of consumer loan that is paid back over time on a fixed number of payments. Installment loans are generally used to build credit, consolidate other debts, or finance large purchases like an engagement ring, car, or house.

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