Can you get an installment loan with bad credit?

Installment loans are the most challenging types of debt to secure with bad credit. An installment loan is any loan that is paid off through regularly scheduled payments, called "installments." These loans tend to be high-limit debts, such as car loans, mortgages or high-limit personal loans. If you have bad credit and would like an installment loan, try to secure the loan by placing collateral or a large down payment. These methods can reduce the amount of risk a lender assumes when issuing the debt, and you may qualify for a larger loan as a result. 


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