Loan

February, 2024

  • 5 February

    What is a payday loan?

    Payday loans are expensive, short-term loans of $500 or less that are intended to be returned with the borrower’s subsequent paycheck. Payday loans are frequently given to borrowers with poor or nonexistent credit, requiring simply verification of identity, income, and bank account. Financial advisors advise against taking out payday loans …