Instalment loans are becoming more and more popular now that payday loans are less available than they used to be. An instalment loan means you can borrow a small amount but repay it over a longer period of time without the risk of roll-over charges that were a major issue with payday loans. But as with all credit it pays to understand the product as much as you can before you enter into any agreement. We’ve put together a video guide to help you understand the main aspects of loans you repay in instalments.
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