A Look at Credit Cards & Traditional Installment Loans (TIL)
An installment loan is defined as a loan that is repaid over time with a set number of scheduled payments. The term of loan could vary. It could be as little as a few months and as long as 30 years. A mortgage, for instance, is a type of installment loan. There’s a lot of modern ways of lending money these ways. Let’s take a look at more traditional ones.
Categories: Loan Videos Tags: Credit Cards, traditional installment loans