Installment loans affect credit score depending on multiple factors like history of repayment patterns, amount owned, length of history and diversity of accounts. While going for new installment loans, small installments loans are ideal to help raise credit score. In some cases, the credit report gets damaged due to the behavior of the person borro

Installment loan remains on credit history if: one have an installment loan and is paid in full, it'll remain on the report for up to 10 years from the date of last activity. an installment loan currently with late payments made, it remains for up to 7 years. There is an overdue installment loan, it remains for up to 7 years. Installment loans goin

Consider some important factors before choosing installment loans. Evaluate and compare rates from multiple types of lenders before taking an installment loan. Essential factors that must be considered while selecting a lender for installment loans include the loan amount, interest rate (fixed or variable), term length, collateral or non-collateral