Explore the basics of installment loans. Learn how they work, the types available, and their benefits and drawbacks.

Kristy is a freelance contributor to Newsweek’s personal finance team. As an editor, Kristy has worked with sites like Bankrate, JPMorgan Chase and NextAdvisor to craft and hone content on ...

(Read more on our methodology below.) Best installment loans for bad credit Best for insufficient credit history: Upstart Personal Loan Best for quick funding: Avant Personal Loan Best for buying ...

Advance Financial performs a credit check when you apply for a FLEX Loan or an installment loan. You also need a government-issued photo ID and proof of income. How does Advance Financial’s FLEX ...

A personal loan is a type of installment loan that allows you to borrow money to cover a one-time expense. The most common reason people use personal loans is to pay down high-interest debt ...

A small personal loan is a type of installment loan of up to $5,000 that’s payable in equal monthly installments with interest. These loans often come with fast funding times and can help you ...

A form of installment credit ... from home renovations to relocation costs and sometimes even paying off student loan debt. But that doesn't mean they're free money. Personal loan APRs average ...