Category Archives: Installment Loans Washington

Personal Loans vs. Personal Installment Loans

In many cases, a loan that is individual a personal installment loan are one therefore the exact same. A LOC is a revolving account although it’s possible to take out a personal line of credit (LOC) when you need to borrow money. Many financial specialists would not classify a LOC being a loan that is personal. (Also, when you yourself have woeful credit, you might have difficulty qualifying for the LOC. )

Installment loans, like unsecured loans, manage to get thier title due to the method it works. You borrow a set amount of cash and repay the funds you borrow (plus interest and charges) in fixed payments or installments to your loan provider. Continue reading