I took out an installment loan out 4 years ago. I have been paying this faithfully for the four years. They don't tell you the truth about renewing installment loans without giving you money. What they do is renew the old one. And make you pay and pay until your frustrated with the outcome. It isn't fair. To me l have paid enough to money mart. I have gone back 4 years to my bank account and have paid out quite a bit.