What is the purpose of a payday loan?

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Zechariah Watsica asked a question: What is the purpose of a payday loan?
Asked By: Zechariah Watsica
Date created: Sun, Apr 18, 2021 10:37 AM
Date updated: Thu, Jun 23, 2022 7:21 AM

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Top best answers to the question «What is the purpose of a payday loan»

A payday loan is a short-term loan that can help you cover immediate cash needs until you get your next paycheck. These small-dollar, high-cost loans usually charge triple-digit annual percentage rates (APRs), and payments are typically due within two weeks—or close to your next payday.

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