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 exactly how installment loans for bad credit and extremely payday that is short-term 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 smaller amounts with payment terms which range from anyone to 12 installments and APRs since high as 749%. Continue reading Installment loans for bad credit vs. payday advances