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Installment loans are offered by nearly every type of financial institution, including online lenders, banks, credit unions and peer-to-peer lenders. A good way to narrow down which lenders to ...
Installment loans allow you to borrow money and pay it back in equal monthly payments, usually at a fixed interest rate. They can be handy and versatile personal finance tools.
Installment loans typically come with lower rates than credit cards and lines of credit. Plus, interest can be fixed, which makes payments predictable — and easy to calculate before you borrow .
The holding company, Green Bancorp, Inc., was created on December 31, 2006 with the acquisition of Redstone Bank in Houston. [3] In 2018, the parent companies of Green Bank and Veritex Community Bank combined in an all-stock deal valued at $1 billion. [4] [5]
In more than 120 locations, the company operates as SpeedyCash where in addition to title loans, they also offer payday loans, installment loans, and check cashing. [10] The company sponsors the SpeedyCash.com 250, a NASCAR Craftsman Truck Series race at Texas Motor Speedway and as a sponsor for Front Row Motorsports in the NASCAR Cup Series. [11]
A type of installment contract other than a loan involves the purchase of durable goods on credit. Such arrangements are usually referred to as "installment plans" rather than "installment loans". In 1807, the installment selling of durable goods was introduced in the US by the furniture store Cowperthwaite & Sons.
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