LOANS 101

Signature Loan or Payday Loan?

 

You’ve heard of signature and payday loans, but how do they work? And more importantly, which one is best for you? Your individual needs and experience may play a large role in your choice but it pays to know that there are some clear differences between them.

Plain and simple: signature loans are personal installment loans that, besides some relatively simple qualifications, require signing a contract to repay.  Payday loans may have similar qualifications but your entire loan is due to be repaid with your next payday (post-dated check). Usually payday loans can be rolled over for […] Read more