Installment loans can help improve your credit score over time with regular payments. Missing a payment can cause a dip in your score. If you do not need an installment loan, there are other ...

Kristy is a freelance contributor to Newsweek’s personal finance team. As an editor, Kristy has worked with sites like Bankrate, JPMorgan Chase and NextAdvisor to craft and hone content on ...

Installment loans give you something even more valuable than money — time. These loans give you a lump sum of cash and let you pay down your debt in regular, scheduled installments. But if you ...

According to Minto Money, its installment loans are best used for short-term financing needs. Minto Money’s installment loans are best suited for borrowers who quickly need a small amount of ...

What debt you should pay off first Having both installment loans and revolving credit will help your credit score, as long as you pay the bills on time. Both types of credit illustrate to lenders ...

With nearly a decade covering personal finance, Rebecca Safier simplifies loans and other complex financial topics to help people manage their money with confidence. Her work has been featured in ...