The APR prices that will look therefore frightening from the advertisements are mainly therefore high because a loan that is payday has only a very short period of time to make a profit.

Posted on May 8, 2021May 8, 2021Categories instant payday loans bad credit   Leave a comment on The APR prices that will look therefore frightening from the advertisements are mainly therefore high because a loan that is payday has only a very short period of time to make a profit.

The APR prices that will look therefore frightening from the advertisements are mainly therefore high because a loan that is payday has only a very short period of time to make a profit. A loan repayable over three months wouldn’t be worth the lenders time if it were charged at the same rate as a traditional loan while bigger loans over a more extended period can make money more gradually, so have a lower rate. Another component that will often … Continue reading “The APR prices that will look therefore frightening from the advertisements are mainly therefore high because a loan that is payday has only a very short period of time to make a profit.”