Payday loans vs personal loans: What’s the difference?

When you’re in a bind and need some quick cash, there are a few different options available to you. You could get a payday loan, or you could get a personal loan. So, what’s the difference? With a payday loan, you typically have to pay back the money you borrow plus interest and fees within a very short amount of time – usually two weeks. And if you can’t repay the loan on time, you’ll usually have to pay additional fees. With a personal loan, you can borrow up to $35,000 and have up to five years to pay it back. You may also be able to get a lower interest rate than with a payday loan. However, personal loans typically require good credit scores, so if your credit is poor, you may not be able to qualify. In this blog post, we will learn about payday loans vs personal loans. Read more here https://moneyexpert-ks.com/payday-loans-vs-personal-loans/