Make National Debt Holdings Your Next Choice for Installment Loans
Providing exceptional customer service, National Debt Holdings is an expert partner to purchase distressed installment loans.
About Installment Loans
Installment loans are loans that are repaid over time with a pre-determined number of payments. Many installment loans, such as personal loans, are shorter term loans. Consumers borrow an initial lump sum of money and repay the debt over time through a contracted payment schedule. Installment loans can be an economical option for many borrowers as they typically offer lower interest rates than revolving credit, based on credit determination. Paying off the loan on-time and without extensions can also help to boost an individual’s credit score.
What Is the Difference Between Installment Loans and Revolving Credit?
While installment loans have a specified monthly payment for a finite duration, revolving credit is considered a more dangerous way to borrow than an installment loan. Revolving credit, like credit cards, is a line of credit that is automatically renewed as debts are payed off. Revolving credit allows a borrower to borrow as much additional money as desired as often as desired, as long as the borrower does not exceed a specified credit limit. Payments are open-ended and any funds repaid are available to be reborrowed the following month. Carrying too large a balance can drag down a credit score, interest rates are often high, and lenders can also change interest rates at any time. While revolving credit is convenient and flexible, it can be financially crippling. Conversely, installment loans provide a fixed monthly payment and regardless of the market, the interest rate and payment stay the same.
Why Consumers Should Choose National Debt Holdings
National Debt Holdings has vast expertise in short term installment loans. Well-established as direct lenders, our goal is discovering the appropriate balance range for each consumer while providing excellent customer service. We work together with consumers to try and find a transparent solution that fits each individual set of circumstances. In many cases, installment loans can be an attractive and tenable choice for many consumers.
About National Debt Holdings
National Debt Holdings is a client-centric receivables management firm assisting creditors with improving their cash flow performance from account portfolios. NDH works to stay at the forefront of the receivables management industry by regularly participating in conferences, webinars, and live events. Headquartered in Miami, NDH strives to outperform competitors and protect clients, partners, and service providers.