A payday loan can seem like a quick and easy way to make ends meet while you wait for your next paycheck. The loan amount is usually small. You’re meant to pay it back on your next payday. But many people often find that when payday rolls around, they need the money in their paycheck …
EPP Loans: All About Payday Loan Extended Payment Plans Read More »
On the surface, a payday loan looks like a quick and easy way to make ends meet. You’re strapped for cash before payday. Why not borrow a few hundred and pay a small fee to do so? What looks like a small fee at first often adds up to thousands of dollars. The interest rate …
Loans typically fall into one of two categories: installment or revolving, depending on how a borrower takes and repays them. Learn more about installment and revolving loans and which category payday loans fall under. What is an installment loan? When a borrower applies for an installment loan, they borrow a lump sum of money, such …
Is a Payday Loan an Installment or Revolving Loan? Read More »