We have evidence of this practice dating back to 3500 BC while it is believed that installment loans are a fairly new concept! It’s thought that the installment loan was made in the 1st known metropolitan civilization Sumer. Sumer was at what exactly is now Southern Iraq and had a robust agricultural community despite the fact that 89% of the populace lived within an metropolitan environment. There clearly was evidence that farmers took installment loans to buy their plants become repaid at a training that nevertheless occurs today in our contemporary world. Read more