121 Financial Credit Union Blog What Is Installment Credit: Everything You Need to Know

Installment credit plays a crucial role in helping individuals achieve their financial goals. Whether it's purchasing a car, buying a home, or consolidating debt, installment credit provides a structured and predictable way to borrow money. But what is installment credit, and how does it work? Let’s explore the ins and outs of installment credit, its different types, pros and cons, and how to manage it effectively.