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2. What is an installment loan & how does it work? Know ... - AOL

   www.aol.com/finance/installment-loan-types...

   Examples of secured loans include mortgages and auto loans. Secured installment loans may take more time to get. For instance, the approval process for mortgages averages 40 days and involves ...

3. Common types of installment loans and their best uses - AOL

   www.aol.com/finance/common-types-installment...

   5 most common types of installment loans. Installment loans are one of the most common ways to finance life’s bigger expenses. While they all operate similarly, the most common installment loans ...

4. 12 Best Installment Loans To Rebuild Your Credit - AOL

   www.aol.com/12-best-installment-loans-rebuild...

   As for its personal loan products, LendingClub offers installment loans for up to $40,000, with terms of three to five years and an APR of 9.57% up to 35.99%. Origination fees may range from 3% to 8%.

5. Installment loan - Wikipedia

   en.wikipedia.org/wiki/Installment_loan

   An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; [1] 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 loan, for example, is a type of installment loan.

6. Do installment loans build credit? Yes — here’s how - AOL

   www.aol.com/finance/installment-loans-build...

   Secured loans: Secured loans, like auto loans, are installment loans backed by collateral. If the borrower defaults, the lender can repossess the collateral, which makes these loans less risky for ...

7. Your life on an installment plan: 'Buy now, pay later ... - AOL

   www.aol.com/news/life-installment-plan-buy-now...

   It’s a question consumers are getting asked more often at checkouts, as installment plans resembling those offered by “buy now, pay later” services pop up in more places.

8. Penalty interest - Wikipedia

   en.wikipedia.org/wiki/Penalty_interest

   Penalty interest, also called penalty APR (penalty annual percentage rate), [1] default interest, interest for/on late payment, statutory interest for/on late payment, [2] [3] interest on arrears, or penal interest, in money lending and in sales contracts is punitive interest charged by a lender to a borrower if installments are not paid according to the loan terms.

9. Can you have multiple installment loans? - AOL

   www.aol.com/finance/multiple-installment-loans...

   It is possible to borrow multiple installment loans — largely because an installment loan is a closed-end debt product that can be used to purchase just about anything.