Many people think that payday
loans and personal
loans are the same thing,
or at least very similar. But there are some big differences between
Payday loans are generally very short term and are
secured against your next paycheck. Payday lenders are usually very
eager to offer this “band-aid” solution to your financial crisis, which
comes along with their sky-high interest rates that are generally
through the roof.
Personal loans are commonly for larger dollar
amounts, which means that they can actually offer a solution to many of
your immediate financial problems, and are paid back in installments
over a longer period of time. Reputable lenders like LoanNow offer
personal loans to help you start a journey toward financial recovery,
rather than set you on an endless spiral of more debt and despair.