You will typically be asked to repay the lender in monthly payments over the course of 12 months to 24 months. (badcreditloanservices.com)
The borrower pays for mortgage insurance that will be used to repay the lender if the home's equity is not enough to fully repay the loan. (sapling.com)
Taking out an installment loan can help consumer build their credit scores in multiple ways — provided they borrow a small amount and repay the lender on time. (growingfamilybenefits.com)