October 2021


What Is A Payday Loan?

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: …

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what is apr

What is APR?

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 …

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predatory lender

What Is Predatory Lending?

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 …

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