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A mortgage, for example, is a type of installment loan.
Messages of one or two minutes include information on the bank's installment loans, credit cards and mortgages.
Both companies specialize in making high-interest installment loans to individuals.
Almost 60 percent had mortgages, while about half had installment loans, like those for cars.
The new prime rate will cause rates on many corporate, home equity and consumer installment loans to rise by about the same amount.
We're also seeing a decline in credit card and installment loan delinquencies.
Vacations and washing machines used to be financed by installment loans.
"Demand for consumer installment loans weakened, however," the bankers said in the survey.
These funds could then only be used to make capital improvements to said business in the form of lease payments or installment loans.
Another liability is installment loans on major purchases, like cars, appliances and contractors' services.
If they cashed the checks, their signature would be agreeing to an installment loan.
The Group provides commercial, construction, residential mortgage, home equity lines of credit and installment loans.
When the credit card arrived in the late 50's to further propel the economy, it was simply a more convenient form of installment loan.
It said that 2.64 percent of installment loans were delinquent as of Dec.
The $5.42 billion installment loan figure represents the debt that consumers assumed above the amount that they paid off.
The number of late payments on consumer installment loans rose in the third quarter as household debt burdens grew, industry figures show.
A term loan is simply an installment loan, such as a loan one would use to buy a car.
Installment loans include credit-card debt, automobile loans and other personal loans.
Surely, the most important financial innovation in this century was the installment loan, which made it possible for Americans to buy things with money they didn't yet have.
An installment loan is a loan that is repaid over time with a set number of scheduled payments.
Mr. Alter said the company hopes to have 600,000 customers by the end of next year for its credit cards, installment loans, second mortgages and leases.
Consumers took on more installment loans in January than in any month since September, the Federal Reserve said.
The finance company offers an array of home equity loans and installment loans, and, small, has the flexibility to quickly adopt new products.
Included are payments on credit cards, retail accounts, installment loans, finance company accounts and mortgage loans.
Signet is mailing bank checks for $7,500 to consumers nationwide; by endorsing and cashing the check, the consumer agrees to an installment loan.