Which is Better – Payday Loan or Credit Card?
Payday Loans are Bad Credit Loans and are meant for meeting the Financial Emergencies. If you have a bad credit, then even getting a Credit card is very difficult, even if you get that then it will carry huge amount of charges and interest on it. Which may in turn equal a Payday loan or even more than that. Both are good financial utilities to have in emergencies. But it also depends on how you use it and the repayment capacity of the borrower. Usually a payday loan is meant to be paid onyour next payday, if you are not capable for that then its better to have a credit card to fulfill your financial emergencies.
