What are installment loans?

Answer An installment loan is a type of short-term loan that the user pays back with a fixed number of equal-sized payments. The person who received the loan is put on a schedule to pay back the loan.When... Read More »

Top Q&A For: What are installment loans

Can I consolidate installment loans?

Lenders often consolidate installment loans, but you must meet their credit qualifications. Lenders will take into account your credit score, credit history, employment history, income and collater... Read More »

When were installment loans introduced?

Installment loans first appeared in about 1850 to finance the purchase of sewing machines. These loans represented one of the earliest forms of consumer credit in the U.S. Furniture dealers were al... Read More »

US forgave Egypt their loans, why can't US forgive American's student loans that are suffocating our kids?

Because American students dont do for America what Egypt does on behalf of America in the Middle East.

PARENT (PLUS) LOAN QUESTION: if we decided not to sign these loans could my child still get gov't loans?

If you decide not to take out PLUS loans then she can still get the federal Stafford loan. (And even if you DO decide to take out PLUS loans she can take out a federal Stafford loan). Her interes... Read More »