Benefits and problems of an installment loan
Benefits and problems of an installment loan
Benefits
- An installment loan has repayment that is predictable. You’ll know in advance whenever principal and interest repayments are due and how much. Consequently, you’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 you’re making payments that are on-time your installment loan. Continue Reading
