A form of installment credit, personal loans must be repaid in regular increments over a set period, or term. Since they have lower interest rates, they can be an affordable alternative to credit ...

An installment loan allows you to borrow a fixed amount and pay it back in regularly scheduled payments — or installments. Installment loans often have lower interest rates than credit cards and their ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...