Answered

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What is Installment credit?
(In your own words, please and thank you!!! :)

Sagot :

W1llburS00t
Installment credit is when you borrow a fixed sum of money and agree to make monthly.
rashidraida88

Answer:

Explanation:

Installment credit is an important aspect of your credit score because it shows that you can maintain a payment over time. Examples of installment loans are car loans, mortgages, and student loans

It is also called Installment plan it means when you do work and you get credit.

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