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1 March, 21:47

What is installment credit

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Answers (2)
  1. 1 March, 22:27
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    This is a Payment made monthly to an organisation on a specified date where the money is paid on credit every month
  2. 2 March, 01:19
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    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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