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What is the difference between a payday loan and other types of credit?

April 26, 2017credit difference payday loan types

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What is the difference between a payday loan and other types of credit?

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Payday loans or cash advance loans are small amounts ranging from $50 to 500. There are exceptions where you can get $ 1000. No credit checks are made. Bank loans and credit cards make credit checks. In payday loans you commit to repay the loan from your next paycheck whereas with other types of credit monthly payments are worked out.