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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. 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%.

  4. How to compare installment loan lenders and find the best offer

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

    Consider a secured installment loan: Some lenders offer secured installment loans to those with poor credit. These loans are backed by collateral, like a house or car, reducing the risk for the ...

  5. Payday loan - Wikipedia

    en.wikipedia.org/wiki/Payday_loan

    This is an accepted version of this page This is the latest accepted revision, reviewed on 15 December 2024. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

  6. 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.

  7. Payday loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Payday_loans_in_the_United...

    Online loans are predicted to account for 60% of payday loans by 2016. In 2011, $774 million of consumer spending was lost to repaying payday loans and $169 million was lost to 56,230 bankruptcies related to payday loans. Additionally, 14,000 jobs were lost. By 2013, twelve million people were taking out a payday loan each year.

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