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Installment loans for bad-credit borrowers arent as expensive or risky as payday loans.. Payday lenders, however, usually dont check your credit or assess your ability to repay the loan. To make up for that uncertainty, payday loans come with high interest rates and short repayment terms.
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Payday loans are bad. Most people will agree.. Unlike most personal loans, which are paid back over a period of years, payday loans only have a two-week payment term, so it might seem like theyre more affordable than loans with longer terms, but thats only true if youre actually able to pay the...
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