How do installment loans work?
How do installment loans work?
- May 27, 2025
- Bill Maurer, anthropology, U.S. News & World Report, May 27, 2025
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Fill out the lender's loan application …. You can do this online, but don't overlook going into a bank or credit union branch to apply in person, says Bill Maurer, director of the Institute for Money, Technology and Financial Inclusion at the University of California, Irvine. A banker can also help you find the right installment loan. "You can hunt around online and see what rates and terms are, but if something looks too good to be true, it probably is," Maurer says.
For the full story, please visit https://money.usnews.com/loans/personal-loans/articles/how-do-installment-loans-work.
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