What’s the difference between payday and installment loans?

What’s the difference between payday and installment loans? Pay day loans and installment loans (in particular, the sort supplied by World Finance) are just just just what customer advocates call ‘small-dollar, high-cost loans that are. They frequently carry high interest. That is to some extent since the borrowers are usually low-income, and/or have dismal credit or credit history that is little. Such subprime borrowers might not have usage of cheaper types of consumer credit—such as bank cards or home-equity loans [...]

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