Is a Payday Loan an Installment or Revolving Loan?
Loans typically fall into one of two categories: installment loans or revolving lines of credit. This affects how the loans can be used and repaid. But payday loans are unique and fall into a third category. If you’re thinking about taking out a payday loan, it’s important to understand the type of loan you’re getting. …
Is a Payday Loan an Installment or Revolving Loan? Read More »