Improving Credit Scores and Reports by Getting Installment Loan
There are many different types of debts: auto loans, payday advances, credit cards, student accounts, refinancing, and mortgages. However, you can categorize them into two groups, which are revolving line of credit and installment accounts. With an installment loan, you borrow a certain amount from a lending company, and you pay it back in specified monthly installments, with additional interest. You can use an installment loan to pay for a home, car, or even a college education for yourself, a ...
