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Long haul payday advances versus short-term pay day loans

Long haul payday advances versus short-term pay day loans

Some loan providers provide long haul payday installment loans, while other people provide renewals or extensions for extended term borrowing.

The price of long term borrowing may differ significantly.

A 7-day loan may have cost of $15, while a 3-month pay day loan for similar amount features a charge of $50. The total price can be much more, however the effective rate of interest is commonly reduced for very long term loans.

Having said that, if you decide to restore or extend that same 7-day loan for three months, you’d end up spending significantly more than three times more in additional charges. […]

By |February 13th, 2021|no clarity payday loans|0 Comments
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