All of the following are considered installment loans except

Question

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Automobile loans, home equity loans, and education loans are all examples of installment loans because they involve borrowing a specific amount of money and repaying it in fixed monthly installments over a set period of time. Lines of credit, on the other hand, are not considered installment loans because they are revolving accounts that allow the borrower to draw funds up to a certain limit and repay them as they are used, rather than repaying a fixed amount over a set period of time.

All of the Following Are Considered Installment Loans Except