A Brief Summary of Payday Loans vs. Installment Loans: Which is Right for You in 2023?

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Payday loans are short-term, high-cost loans designed to tide borrowers until their next payday. Repayment is typically a lump sum, including principal plus fees and interest. Installment loans are longer-term loans with regular payments structured as pre-determined installments over the life of the loan. Typically, these types of installment loans require little or no collateral […]

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