What Is A Credit Limit?
Was this helpful? Submit Cancel Thanks for your feedback!
A payday loan is a short-term, small loan that you repay once you receive your next paycheck, typically two to four weeks after you take out the loan. Payday loans tend to have small loan limits, and depending on your state law, payday loans may be available through storefront payday lenders or online. Key Points: …
An arrangement to pay is the term given when a customer is struggling to repay their loan, but agrees with the lender to pay in small amounts over a longer period. The borrower is unable to repay their loan on time, so they make ‘an arrangement’ to help clear the balance under different, but more …
A payday loan is a good option for times when you need money fast to cover an emergency or essential living expense. However, although they can be very easy to set-up and take-out, a payday loan can quickly turn into a problem debt for many people. Given this, you should carefully consider all options before …
Was this helpful? Submit Cancel Thanks for your feedback!
Native American tribes are quite prominent in the payday lending space, with more relaxed laws (known as sovereign immunity) helping native tribes across the country to access these less desirable but often lucrative businesses – as part of a way to help these communities build up and sustain themselves. Payday lenders across the country often …
APR is an acronym for Annual Percentage Rate and tells you what the interest applied to your loan is for a whole year, expressed as a percentage. The APR represents the cost of borrowing and it is used to measure and compare all financial products across the world as a yardstick, including products such as …
Predatory lending occurs when a lender uses unfair or deceptive tactics to lead a borrower into taking a loan that carries terms that benefit the lender at the borrower’s expense. Predatory lending benefits a lender at the borrower’s expense and is usually deemed illegal practice. Some predatory lenders may target borrowers with low income and …
The main difference between a payday loan and a title loan is that whilst a payday loan is designed to last until your next payday, a title loan requires you to hand over your vehicle title as collateral. When you are receiving your title loan, it’s likely that you lender will hold on to the …
What Is The Difference Between A Payday Loan And A Title Loan? Read More »