Facts About Installment Loans By Lending Companies
Facts about installment loans by lending companies There are two fundamental categories of consumer credit: closed-ended credit and open-ended credit. Installment loans come under closed-ended credit where the amount is fixed and the amount is used for one purpose only. Monthly payment in installment loans is equal every month until the payment is paid. When you apply for an installment loan the amount you borrow is fixed. The interest rate on an installment loan remains fixed for the life of the loan. What is the requirement for applying for a loan with CashNetUSA? With CashNetUSA, you can apply for a quick installment loan provided you have a steady source of income and an ability to repay it. To apply for a CashNetUSA loan you need to have an active email address. You will also need to have a checking account which is active for at least 90 days. You need to have a driver’s license to be eligible for CashNetUSA. Your age should be 18 years or above and you must be a US citizen or a permanent resident. How does Blue Trust Loans help its customers? The minimum loan amount provided by Blue Trust Loans is $100. The maximum amount for a loan is $2,000.
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