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  2. 6 types of emergency loans and their uses - AOL

    www.aol.com/finance/8-types-emergency-loans...

    3. Payday loans. A payday loan is a type of instant loan that lets you borrow $500 or less, usually without a credit check. Payday loans typically have to be repaid within two weeks or by your ...

  3. Critical factors to consider when taking out payday loans ...

    www.aol.com/finance/critical-factors-consider...

    Personal loans tend to have a minimum repayment term of 12 months, so you’d technically pay more in interest over the life of a loan compared to a payday loan ($205.55 vs. $153.42).

  4. Payday loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Payday_loans_in_the_United...

    A 2012 study by Pew Charitable research found that the majority of payday loans were taken out to bridge the gap of everyday expenses rather than for unexpected emergencies. The study found that 69% of payday loans are borrowed for recurring expenses, 16% were attributed to unexpected emergencies, 8% for special purchases, and 2% for other ...

  5. Emergency and payday loan alternatives that could save ... - AOL

    www.aol.com/finance/emergency-payday-loan...

    Consider a Payday Alternative Loan (PAL) Payday Alternative Loans (PALs) are small loans some federal credit unions offer. They typically amount to under $2,000 and are repaid over the course of a ...

  6. Payday loan - Wikipedia

    en.wikipedia.org/wiki/Payday_loan

    This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. 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 ...

  7. Online Lenders Alliance - Wikipedia

    en.wikipedia.org/wiki/Online_Lenders_Alliance

    The Online Lenders Alliance (OLA) is an industry association that represents members of the online financial services community. The OLA sets best practices and standards for online lending businesses and monitors the Internet for bad actors operating in the field.

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