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

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

   An installment loan makes sense if you can afford the payment, are financially stable enough to repay it and get some sort of financial benefit from it. Installment loans require a payment ...

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

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

   Some installment loans are unsecured, while others, like mortgages, are backed by collateral. Unlike credit cards, installment loans are a type of close-ended debt, meaning you can’t borrow as ...

4. What is an unsecured loan? - AOL

   www.aol.com/finance/unsecured-loan-204331407.html

   Unsecured loans are available as revolving debt — a credit card — or an installment loan, like a personal or student loan. Installment loans require you to pay back the total balance in fixed ...

5. Loan payment - Wikipedia

   en.wikipedia.org/wiki/Loan

   The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date

6. Promissory note - Wikipedia

   en.wikipedia.org/wiki/Promissory_note

   A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...

7. 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.

8. Secured vs. unsecured debt: What’s the difference? - AOL

   www.aol.com/finance/secured-vs-unsecured-debt...

   Unsecured debt is a common form of debt that’s not backed by collateral. If you default on those debt payments, the lender has no property to seize to recoup its losses.

9. Installment note - Wikipedia

   en.wikipedia.org/wiki/Installment_Note

   An installment note is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific time intervals. This periodic reduction of principal amortizes the loan .