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All the risk is taken by installment loan lenders. That’s why these loans are available to you with high interest rates. The reimbursement term for this loan type is quite convenient.

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However, our opinions are our own. See how we rate personal loans to write unbiased product reviews. An installment loan is a lump sum of borrowed money that is repaid monthly. Mortgages ...

Kristy is a freelance contributor to Newsweek’s personal finance team ... or cover large expenses. With installment loans, you get a fixed interest rate and repayment term, meaning you know ...

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Installment loans, which offer a lump sum of money upfront, require a set number of periodic payments. These loans often come with fixed interest rates, unlike revolving credit products such as ...

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See how we rate personal loans to write unbiased product reviews. When consumers need to borrow money, they have two main options: revolving credit or an installment loan. Each type of lending ...

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