Final answer:
Repaying an installment debt over a longer period of time can result in greater monthly payments, which can be advantageous for individuals with limited budgets.
Step-by-step explanation:
One advantage to repaying an installment debt over a longer period of time is that the monthly payment will be greater, not smaller or the same. When you repay a debt over a longer period of time, the total amount you owe is spread out over more monthly payments, which increases the monthly payment amount. This can be advantageous for individuals who currently have a limited budget and cannot afford higher monthly payments. By extending the repayment period, they can manage their cash flow more effectively.