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A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." [1][2][3] The loans are also sometimes referred to as " cash advances," though that term can also refer ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 May 2024. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates ...
Very short repayment period. 4. Title loans. A title loan is another type of emergency loan that gets you fast access to cash secured by equity in your car. Also called a “pink slip loan ...
With payday loans, the lender may only charge a flat fee per $100 borrowed. This can result in a high equivalent APR, even if there is no interest. Read online reviews.
These unsecured loans aim to provide credit union members a lower-cost alternative to predatory payday and emergency loans. There are two types of PAL loans: PAL I and PAL II. Both have the same ...
The company offers a range of financial services, including installment loan, cash advance/payday loan, check cashing, prepaid card, and money transfer services. It focuses on the underbanked and subprime customer segments. Prior to 2018, the name 'Money Mart' was associated only with the 38-year-old Canadian unit DFG acquired in November 1996. [2]
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