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Installment loans, like personal loans, let you borrow money and repay fixed amounts over time. Watch out for high-cost, no-credit-check installment loans. An installment loan is money you borrow and pay back with fixed payments — or installments — over a period of time, or term. It differs from a r

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Installment loans have fixed payments that reduce your debt over time. See how these loans work and learn the pros and cons of using installment debt. Image by Daniel Fishel © The Balance 2019 An installment loan is a loan that you pay off over time according to a schedule of monthly payments. Stand

Installment loans require the consumer to pay back the money borrowed each month at a fixed interest rate for a certain amount of time. Learn more about installment loans and how to apply today. Elevate your Bankrate experience Get insider access to our best financial tools and content Elevate your

The modern-day educational system depends on student loans. Because college is expensive, it’s challenging for students to afford higher education without loans, scholarships, or a combination of the two. Read on to learn more about applying for student loans.