Logo
endri demiri
2 годы назад
Payday loan vs. installment loan: What's the difference?

When it comes to payday loans, there is a lot of confusion about whether they are secured or unsecured loans. In reality, payday loans are both. A payday loan is a type of secured loan, but the security is not the typical kind that is used for other types of secured loans. With a payday loan, the security is the borrower’s next paycheck. This means that if the borrower does not re