 TITLE: What Is Installment Credit? CONTENT: The Bottom Line\n---------------\nInstallment loans can help you achieve some of the most common and sought-after financial goals, like owning a house or car, by allowing you to pay back a purchase over a long period of time. Making installment loan payments on time and paying off the loan as agreed will help your credit.\nBut like any type of credit, only seek out loans you really need, and check your credit score before applying to see what interest rates you'll likely qualify for. If needed, take some time to improve your credit score before you apply to ensure you get the best rate and terms possible. END