What’s the difference between payday and installment loans?
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Pay day loans and installment loans (in particular, the kind given by World Finance) are exactly what customer advocates call вЂsmall-dollar, high-cost loans that are. They frequently carry high interest. That is to some extent as the borrowers are usually low-income, and/or have dismal credit or credit history that is little. Such subprime borrowers might not have use of cheaper types of consumer credit—such as bank cards or home-equity loans through banking institutions or credit unions.
Payday financing has already been […]