These loans are not the same as payday loans while installment loans for bad credit may have higher rates and less-borrower-friendly terms. HereвЂ™s just just how installment loans for bad credit and incredibly short-term pay day loans vary.
Beware: Some loan providers of short-term loans may blur the lines between an installment loan and a loan that is payday. As an example, you may see вЂњinstallment loansвЂќ marketed for lower amounts with payment terms which range from anyone to 12 installments and APRs up to 749%. And both on the web installment loan loan providers and payday lenders may guarantee delivery of funds in the business day that is next. Fortsett å lese «Installment loans for bad credit vs. payday advances»