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Table of Contents What is an installment debt? Understanding Installment Debt Special Beacons Different types of Installment Debt Installment Debt vs. Personal Loans Advantages and Disadvantages of Installment Debt The Bottom Line Installment Debt FAQs Personal Finance Loans Installment Debt: Meaning, Types Pros and Pros and By Julia Kagan Updated June 14 2021 Reviewed by …