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What is Installment credit? (In your own words, please and thank you!!! :)
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13 votes
13 votes
What is Installment credit?
(In your own words, please and thank you!!! :)

User Ruyili
by
2.9k points

2 Answers

19 votes
19 votes

Answer:

Step-by-step explanation:

Installment credit is an important aspect of your credit score because it shows that you can maintain a payment over time. Examples of installment loans are car loans, mortgages, and student loans

It is also called Installment plan it means when you do work and you get credit.

HAVE A GREAT DAY!

User MendyK
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3.3k points
11 votes
11 votes
Installment credit is when you borrow a fixed sum of money and agree to make monthly.
User Alans
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2.4k points
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