A personal installment loan gives you a lump sum repaid in fixed monthly payments. Used for debt consolidation, emergencies, or one-time purchases, these loans often offer predictable payments and may be unsecured - but they charge interest and fees, so compare offers before borrowing.
Bad credit can complicate RV financing, but with the right steps - larger down payment, cosigner, careful lender shopping, and credit improvement - you can still qualify. Compare prequalified offers, understand secured-loan risks, and choose a realistic payment plan.
Unsecured loans are credit without collateral. They offer access but usually at higher cost and with distinct risks for lenders and borrowers. Modern underwriting and regulation have increased transparency, though informal markets persist.