asked 183k views
5 votes
What is noninstallment credit?

asked
User Thednp
by
8.1k points

2 Answers

5 votes

Noninstallment credit is paid in a lump sum and not in installments. It most often very short term!

answered
User Sam DeHaan
by
8.2k points
6 votes

non-installment credit is also known as revolving credit. There's no set payment plan because you're borrowing a set limit

answered
User Sdghasemi
by
8.8k points
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