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Installment credit is a type of credit that has a fixed number of payments, in contrast to revolving credit.
Video Installment credit
Examples
- Land loan
- Home construction loan
- Home mortgage
- Some equity loans
- Home improvement loan
- Automobile loan
- Boat loans or RV loans specialty finance
- Student loan
- Personal loan
- Vacation loan
- Charge card
Maps Installment credit
See also
- Revolving credit
- Loan
- Morris Plan Bank
Source of the article : Wikipedia
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