What is the difference between an emergency payday loan and a personal unsecured loan?
An unsecured personal loan allows you to borrow between $1,000-$10,000. These loans can be paid off during the course of 1-4 years. To qualify for the loan you must have a credit score of a 580 + or have a co-signer. Emergency payday loans allow you to borrow between $200-$1,000. The repayment term of these loans is very short — approximately two pay periods. However, there is no credit check required for the application.
