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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 exactly how installment loans for bad credit and incredibly short-term pay day loans vary.

Beware: Some lenders of short-term loans may blur the lines between an installment loan and a loan that is payday. For instance, you may see “installment loans” advertised for a small amount with payment terms including anyone to 12 installments and APRs up to 749%.