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Installment loans, often named installment credit, can include collateral such as an auto or title loan

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Installment loans, often named installment credit, can include collateral such as an auto or title loan (your car’s name) or even a mortgage (your home’s deed). In cases where a debtor cannot back pay the loan, the mortgage loan provider has the right to repossess the security. Some installment loans don’t need security such as…

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