Installment loans have recently become increasingly popular among Americans. This is due to several reasons that distinguish installment loans from other short-term loans https://maggieloans.com/payday-loans/california.

Affordability. Installment loans can be obtained by most customers, even borrowers with bad credit histories. The interest rate for borrowers with bad credit history will be slightly higher than for borrowers with good credit history. But installment loans are much cheaper than paying penalties.
No gimmicks. Installment loans are honest loans that are designed to help you in a difficult situation. Other loans do not have fixed interest rates and payment terms and can endlessly require the borrower to pay more and more. Installment loans also have predetermined fixed equal payments that are paid monthly until a predetermined repayment period.

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