183k views
5 votes
What is noninstallment credit?

User Thednp
by
7.2k points

2 Answers

5 votes

Noninstallment credit is paid in a lump sum and not in installments. It most often very short term!

User Sam DeHaan
by
7.4k points
6 votes

non-installment credit is also known as revolving credit. There's no set payment plan because you're borrowing a set limit

User Sdghasemi
by
8.1k points