Installment loans for bad credit vs. payday advances

Installment loans for bad credit vs. payday advances

While installment loans for bad credit might have greater prices and less-borrower-friendly terms, these loans won’t be the same as payday advances. Here’s exactly just how installment loans for bad credit and incredibly payday that is short-term vary.

Beware: Some loan providers of short-term loans may blur the lines between an installment loan and a payday loan. For instance, you might see “installment loans” marketed for lower amounts with payment terms which range from someone to 12 installments and APRs up to 749%. (more…)