Installment loans

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Installment Loans

• By Pacific-Odyssey.co.uk

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Installment Loans

• What is an installment loan?
• It is a loan of two or more planned and equal
  repayments.
• It can be a 3 month loan, 6 month loan or even a
  25 or 30 year mortgage!

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Installment Loans

• The nice thing about installment loans is that
  they have pre-agreed terms
• Agreed number of repayments
• Agreed amount to repaid on each installment
• The installment amounts tend to be the same each
  month, making budgeting easy

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Installment Loans

• The cost of an installment loan varies
  tremendously from as much as 1,200 APR down to
  3 APR.
• The cost tends to be driven by the risk being
  taken by the lender (will the customer pay back)
  and the length of the loan.

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Payday Loans

• My Advice?
• Take out an installment loan from a company such
  as Pacific Odyssey (www.pacific-odyssey.co.uk)