What's the difference between payday loan and installment loan?

What’s the difference between payday loan and installment loan?

There are a few key differences between payday loans and installment loans. The main difference is that payday loans are usually taken out in small amounts, with the intention of being repaid quickly. Installment loans, on the other hand, usually have longer repayment terms, and are intended for use as a long-term financial solution. In …

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