Current Attempt in Progress

With an installment loan, the borrower:

receives the full amount of money up front and then makes regular payments to repay the loan and interest.

is told how much they can potentially borrow, and then using a debit card or checkbook, can access the money and repay the

loan and interest through flexible repayments.

can receive a short$-$term loan from a bank or credit union by pledging an upcoming automatic account deposit, such as a

paycheck, as repayment of the loan and fees.

can borrow up to a maximum of $$100,000.$