@Euler271 @Mertsj @satellite73

What is the maximum number of payments that can be made toward paying off an installment loan?

A. One
B. Unlimited
C. Two or more
D. Two

Question

@Euler271 @Mertsj @satellite73 

What is the maximum number of payments that can be made toward paying off an installment loan?

 		A.	One
 		B.	Unlimited
 		C.	Two or more
 		D.	Two

anonymous · Answer

unlimited...until you pay it off

directrix · Answer

@divagirl421 This info is from the non-academic source, Wikipedia. I sense that there are some rules regarding repayment of installment loans designed to generate interest for the predatory lenders. Nothing about banks and lending institutions lends itself to common sense. That is just my opinion. -->An installment loan is a loan that is repaid over time with a set number of scheduled payments; ***normally at least two payments are made towards the loan.*** http://en.wikipedia.org/wiki/Installment_loan