What exactly is an Installment Loan? Would a cash advance by some other name expense just as much?

What exactly is an Installment Loan? Would a cash advance by some other name expense just as much?

That’s the concern installment loans raise. Like pay day loans, installment loans are marketed to cash-strapped people that require a little loan to bridge earnings space or protect a crisis cost. Additionally like payday loans, their effective interest levels in many cases are more than their advertised rates of interest.

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