Installment credit

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Installment credit is a type of credit that has a fixed number of payments, in contrast to revolving credit.

[edit] Examples

  • Land loan
  • Home construction loan
  • Home mortgage
  • Some equity loans
  • Home improvement loan
  • Automobile
  • Boat loans or RV loans specialty finance
  • Education loan (college loan)
  • Personal loan
  • Vacation loan

[edit] See also

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