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What is the difference between payday loans and bad credit loans?
A payday loan is a small, short-term unsecured loan, regardless of whether repayment of loans is linked to a borrowers payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such ror a credit card. This includes payday foor, car title loans or advance-fee loans. But you dont have to resort to riskier options, like payday lenders, when. Where creditors dont leave a footprint on your rating. Rates that high are how payday loans trap low income borrowers in a crexit of predatory debt.
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