| A payday loan is like a personal loan, but has some | | | | loans are usually for amounts of $1000 - |
| important differences.Installment Loans - An installment | | | | $10,000.Payday Loans are Fast Cash - Personal |
| loan is one where you receive the loan amount in one | | | | Loans are Long Term - With personal loans, you |
| lump sum and then make regular, set payments until | | | | usually do not receive the cash fast, you usually have |
| the loan is paid off.Revolving Credit - A credit card is | | | | to go through a normal loan process, which can take |
| different than an installment loan because you can | | | | anywhere from 1-2 weeks or more until you actually |
| borrow less than your approved amount at first and | | | | receive your loan amount. The loan payments are |
| then more later. Also, you always have the option to | | | | extended for 1-5 years. With a payday loan, the entire |
| borrow more money as long as there is room | | | | loan amount is due within 1-4 weeks.Understand your |
| available in your credit line. A credit card is considered | | | | cash needs to determine whether you need a fast |
| a revolving line of credit.Payday loans are neither | | | | cash payday loan or a personal loan.To view our |
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| that is paid off in one lump sum. Payday loans are fast | | | | Recommended Payday Loan |
| cash. With a payday loan, the approval process is | | | | Sources.To view our recommended personal loan |
| quick and easy. But, the loan is more like an installment | | | | companies online, visit: |
| loan, not a revolving line of credit.Payday loans are | | | | Recommended Personal |
| usually for amounts from $500 - $1000 and personal | | | | Loan Sources. |