With the changing times and technology, there are various types of loans available to borrowers...
Understanding the difference between installment loan and payday loan is crucial since it will help borrowers determine the best loans for their needs...
These loans are given out by credit agencies that are available globally. Payday loans can also be accessed online. This type of loan requires no collateral but has high interest rate compared to other types. Your next paycheck acts as security for the loan.