Credit RepairCards & Loans
Installment Loans For Bad Credit
Installment loans are becoming an increasingly popular solution especially for those with bad credit. Installment loans help people with unexpected expenses or various life needs, such as:
- Car repairs
- Medical or dental bills
- Holiday gifts or travel
- Expenses from a new baby, divorce or funeral
- Work-related expenses (electronics, tools, etc.)
- Home improvements and emergency house needs
- School-related expenses (tuition, laptop, supplies, etc. )
- Debt consolidation
What Exactly is an Installment Loan?
Simply, an installment loan allows you to borrow once and then repay with regular, fixed payments (usually monthly payments that don’t increase or decrease) over a previously defined period of time. With good or bad credit, installment loans provide a fixed interest rate and a set monthly payment that is based on the loan balance, interest rate and time you have to repay the loan. This means that with each payment you make, you reduce your original loan amount while also paying interest costs. Home mortgages and auto loans are two common types of installment loans.
Various Credit Repair Cards:
Unsecured credit cards
Unsecured credit cards are the most common type of credit cards. They are secured by collateral. That means that like secured loans, such as mortgages or auto loans, secured credit cards are directly connected to property that a lender can seize of the cardholder fails to pay.
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Secured credit cards
Secured credit cards are the most common type of credit cards. They are secured by collateral. That means that like secured loans, such as mortgages or auto loans, secured credit cards are directly connected to property that a lender can seize of the cardholder fails to pay.