Is a payday loan revolving or installment?

Facts about payday loans: Is a payday loan revolving or installment?

Millions of Americans take out payday loans every year. Most payday loans are in the form of a revolving loan, which means that the loan is continuously re-financed. A small number of payday loans are in the form of an installment loan, where you have to pay back the loan in a set number of …

two payday loans at once?

Multiple loan facts: Can you have two payday loans at once?

If you are considering taking out multiple payday loans, it is important to understand the laws governing this type of borrowing. In most cases, you are not allowed to have two payday loans at once. You will need to wait a minimum of 14 days between loans in order to ensure that the lenders are …