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Today, 05:13

What is installment credit

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Answers (2)
  1. Today, 05:55
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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. Today, 07:30
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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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