Installment Loans – Seizing the Moment

Money Makes The World Go Round, Loans Make It Go Faster In an ideal world, everything would be free, and distribution would be controlled and balanced with common decency and respect. Sadly, our world is not perfect, and it is far from ideal. Money is the driving force behind all our changes, and there are…

Money Makes The World Go Round, Loans Make It Go Faster
In an ideal world, everything would be free, and distribution would be controlled and balanced with common decency and respect. Sadly, our world is not perfect, and it is far from ideal. Money is the driving force behind all our changes, and there are not very many things that are free. Knowing this, one also knows that to get things done, one needs money. The amount of money to fulfill needs and desires variates, and often it surpasses what one has. Since we are mortal creatures, time is too valuable to us and sometimes we can not wait for our money to build up. Installment loans provide an alternative to saving up. With loans like these, one can get whatever it is one wishes to possess in the shortest time, and then pay the debt off piecemeal. Without loans, the world would progress much more slowly, and the world would be far different from what it is today.

How It Works
An installment loan is a loan wherein the borrower pays back the debt part by part, or in installments. This is opposed to paying off a debt in one go. Because the repayment is distributed across a length of time, the limit on the amount that can be lent out is raised much higher. It is difficult to pay off a huge debt, but it is far easier to do so when you pay it off a little bit at a time. The lender profits by attaching some sort of fee to the loan, often an interest that compounds with the remaining balance. The rate of interest varies greatly according to the type of loan and who is lending. These pay-by-piece loans have many types, and can range from large sums enough to build structures with, to small amounts mean to increase money flow in short bursts. Paying the debt back is essential though, since any unpaid debt can bring about undesirable consequences. No one likes losing money, after all.

Carpe Diem, As They Say
To demonstrate how loans enable people to improve their lives, consider the following situation. A young man, let us call him Vincent, graduates from college. He enters the work, starting from the bottom of the corporate ladder, and not having much money, he rents a small apartment. In a couple of years, he meets the lady of his life and they get married. After a while, they realize that the apartment can not longer suffice for them, especially since they want to raise children. They search around town and find the perfect home for them to start a family, but it is worth much more than their savings combined, and may be bought by someone else before they save enough. Deus ex machina kicks in, and Vincent finds himself being promoted to a managerial position at work. His increased salary allows him to consider taking out a loan. With an installment loan, they seize the opportunity and buy the house. They start a family, Vincent pays off his debt, and they live happily ever after, since everyone likes happy endings. Without loans like these, it would be nigh impossible for ordinary people like Vincent to get what they need and want in a timely manner. These allow us to seize the day, and with enough hard work, avoid any backlash the debt might cause.