What Is an Installment Loan?
Installment loans provide a sum of money upfront and are repaid in installments over the loan’s term.
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Freelance writer
Melanie Lockert is a writer and author of “Dear Debt” with over 10 years of experience. Her work has been featured by CNN, Business Insider, U.S. News & World Report, and Yahoo Finance.
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Senior editor
Meredith Mangan is a senior editor at Credible. She has more than 18 years of experience in finance and is an expert on personal loans.
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Editor
Barry Bridges is the personal loans editor at Credible. Since 2017, he’s been writing and editing personal finance content, focusing on personal loans, credit cards, and insurance.
Updated March 24, 2025
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