Benefits and problems of an installment loan
- An installment loan has repayment that is predictable. YouвЂ™ll know in advance whenever principal and interest repayments are due and how much. Consequently, youвЂ™ll be able to organize and budget precisely.
- You can build credit rating if for example the financial institution reports re re re re payments to the credit reporting agencies. You need to be rewarded if youвЂ™re making payments that are on-time your installment loan. Continue Reading