Sentences with phrase «consumer installment»
Consumer installment refers to a method of paying for goods or services over time. It is when a consumer purchases something and agrees to make regular payments, usually monthly, until the entire cost is paid off. Full definition
The most popular consumer installment loan products are mortgages, student loans, auto loans and personal loans.
valuepenguin.com
Pay down consumer installment debt (car payments) to 10 months remaining.
Since the recession's end, consumer installment loans have grown faster than real - estate secured debt and has been shown to be rising faster than household income as well.
A bill introduced in Washington's state senate early this year proposed allowing «small consumer installment loans» that could carry an annual rate of more than 200 percent.
Avant's loans are «standard consumer installment loans.»
Illinois: Loans made pursuant to Illinois Department of Financial & Professional Regulation Consumer Installment Loan Act License.
The average APR on consumer installment loans from members of the Marketplace Lending Association is 17 %, while the CFPB's rate threshold for «high - cost» installment lending is 36 %.
Since 1969, HUD has been providing loan insurance on manufactured homes under Title I. HUD's participation has encouraged mortgage lenders to finance manufactured homes by protecting them against the risk of default, which had traditionally been financed as personal property through short - term, comparatively high - interest consumer installment loans.
They were developed as a way to determine a repeatable, workable methodology in administering and underwriting credit debt, residential mortgages, credit cards and indirect and direct consumer installment loans.