Installments
Installment Credit
Definition:
A form of finance to pay for goods or services over a period of time through the payment of principal and interest in regular payments.
Examples:
- Vacation loan
- Personal loan
- Study loan
Installment Agreements
An installment agreement can be a practical payment option for those who cannot pay for what they purchased in full immediately. Installment agreements allow for the full payment of the goods or services in smaller, more manageable amounts. You will be able to save money by paying the full amount you owe as quickly as possible to minimize the interest and penalties you will be charged.
