Question

What is Installment credit?
(In your own words, please and thank you!!! :)

Answer 1

Step-by-step explanation:

Installment credit is an important aspect of your credit score because it shows that you can maintain a payment over time. Examples of installment loans are car loans, mortgages, and student loans

It is also called Installment plan it means when you do work and you get credit.

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Answer 2

Installment credit is when you borrow a fixed sum of money and agree to make monthly.