Paulnge

Installment Account - Car loans are a good example of an installment account. Viva Loan You sign a credit agreement stating you will make equal payments each month for a set period of time. Other types of installment accounts include personal loans, furniture loans, and many more.A home equity line of credit (HELOC) is much the same as a standard line of credit, but it uses your home's equity for security. With a HELOC you can typically borrow up to 90% of your home's equity. With $40,000 in equity, you could obtain a HELOC for $36,000.