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 exactly just just how installment loans for bad credit and incredibly payday that is short-term differ.
Beware: Some loan providers of short-term loans may blur the lines between an installment loan and a pay day loan. For instance, you might see вЂњinstallment loansвЂќ marketed for smaller amounts with payment terms which range from someone to 12 installments and APRs up to 749%. Continue reading