For more than a century, installment lending has proven to be the most affordable and responsible form of consumer credit for working Americans. Before the Internet, the local branch of an installment lender was often the only access to credit for many Americans. They are community-based lenders in cities and towns nationwide. Compared to other forms of small dollar credit, installment loans are the best way for consumers to manage credit and build a positive payment history with the credit bureaus.


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At the time of origination, all traditional installment loans are made with the highest confidence and expectation that they will be repaid in full and on time.

Part 3

Traditional installment loans provide credit to individuals and families. The most common uses are for vehicle repairs (transmission, tires), household appliances (washer, dryer, water heater), and medical expenses – generally, the everyday items and services essential to live productive and enjoyable lives.


Unlike payday loans, installment loans do not charge penalties for early repayment and do not require large one-time balloon payments. Traditional installment loans are paid off through equal monthly payments of principal and interest that provide a tool for managing household finances.

Why a Traditional Installment Loan is Right for Me

Millions of American families live paycheck to paycheck and accessing credit or managing household finances can sometimes present challenges. This means that when it comes to borrowing money, many consumers have limited choices. This problem is exacerbated as lenders face increased scrutiny from Washington bureaucrats.

We believe Americans deserve better and that everyone should have access to smart lending options – including traditional installment loans.

Traditional installment loans provide Americans with a tried and true alternative to payday lending, offering the opportunity to establish, build or improve creditworthiness. These loans are radically different from other small-dollar loans in how they are structured, priced and regulated, making them a smarter option for borrowers.