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 just how installment loans for bad credit and incredibly short-term payday advances vary.
Beware: Some loan providers of short-term loans may blur the lines between an installment loan and a payday loan. For https://speedyloan.net/personal-loans-me instance, you might see вЂњinstallment loansвЂќ marketed for lower amounts with payment terms which range from anyone to 12 installments and APRs up to 749%. (more…)