Installment Loan


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Installment Loan

A loan that is repaid in a certain number of payments in the same amount. Interest is computed in advance and is rolled into the payments. For example, a mortgage amortized over 30 years is an installment loan because the payments are equal to each other and the loan is repaid after the 30 years have expired.
References in periodicals archive ?
Today ezDinero announced a new program to offer installment loans of up to $20k to low-income and other underserved populations.
These leases and installment loan claims generally relate to information and communications technology equipment that are part of the system integration and network service provided by IT Holdings Corporation the parent company of TIS Leasing.
Members can also use a rate reduction loan to take up to two percentage points off their current loan rate by bringing in their installment loan debt from another financial institution.
The platform now provides accounting, secondary marketing and default management support for all mortgage, home-equity line of credit (HELOC), personal credit line and installment loan products, according to Cathy Martin, vice president of consumer loan products at Fiserv Lending Solutions.
When deciding whether to obtain an installment loan, consider the benefits and responsibilities.
According to records obtained before and during the course of the litigation, Check 'n Go made online installment loans to California consumers with interest rates as high as 400 percent-far in excess of what state law allows-as late as June 2008.
Judge Green wrote that the Auditor's fiscal note acknowledged that traditional installment loans "will be negatively impacted and many will close down.
The ruling by Judge Green makes it abundantly clear that the traditional installment loan industry is fundamentally different from other credit products," said Tom Hudgins, President and CEO of Stand Up Missouri.
Yard Installment Loan and Yard Installment Loan Plus - A closed-end loan product for high-ticket purchases of new and used equipment for consumer and commercial customers, respectively.
Colorado represents a possible trend in the payday lending industry of turning towards an installment loan product.
21 /PRNewswire-FirstCall/ -- First Bank of Delaware ("Company") (BULLETIN BOARD: FBOD) received correspondence from its primary regulator, the Federal Deposit Insurance Corporation ("FDIC") concerning short-term (also referred to as "payday") loans and installment loan products made by the Company through various third-party marketers and servicers.
These forward-looking statements involve risks and uncertainties, including risks related to the regulatory environment, current and potential future litigation, the impact of hurricanes, the integration of acquired stores, the performance of new stores, the new installment loan products and other new product lines on the Company's business, results of operations, financial condition and prospects.