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  2. Wonga.com - Wikipedia

    en.wikipedia.org/wiki/Wonga.com

    Wonga.com, also known as Wonga, was a British payday loan firm that was founded in 2006. The company focused on offering short-term, high-cost loans to customers via online applications, [2] and began processing its first loans in 2007. [3] The firm operated across several countries, including the United Kingdom, Spain, Poland and South Africa ...

  3. No-credit-check loans: What are they and how do they work? - AOL

    www.aol.com/finance/no-credit-check-loans...

    These no-credit-check loans are designed to provide you with quick cash to hold you over until your next paycheck. Although these loans can be a lifesaver in case of an emergency, they should be ...

  4. Peer-to-peer lending - Wikipedia

    en.wikipedia.org/wiki/Peer-to-peer_lending

    Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional ...

  5. Emergency and payday loan alternatives - AOL

    www.aol.com/finance/emergency-payday-loan...

    For example, the average personal loan rate, as of February 2023, comes out to 12.10 percent, while the average payday loan reaches three-digit interest rates. Plus, you’ll be hit with even more ...

  6. Microfinance - Wikipedia

    en.wikipedia.org/wiki/Microfinance

    Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. [4] The two main mechanisms for the delivery of financial services to such clients were: (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based model ...

  7. Critical factors to consider when taking out payday loans ...

    www.aol.com/finance/critical-factors-consider...

    The average payday loan has an interest rate of about 400 percent. Interest rates on personal loans are usually capped at 36 percent. Personal loans tend to have a minimum repayment term of 12 ...

  8. Credit agreements in South Africa - Wikipedia

    en.wikipedia.org/wiki/Credit_agreements_in_South...

    Credit facility. A credit facility is an agreement in terms of which a credit provider supplies goods or services, or pays an amount to the consumer. The consumer's obligation to pay the price or repay the money is deferred, in exchange for which the consumer pays interest and fees. Examples of a credit facility are credit advanced.

  9. 3 steps to choosing a small dollar loan & 3 alternatives

    www.aol.com/finance/3-steps-choosing-small...

    2. Decide how much you need and run the numbers. According to a Pew study of small loan lending, most major banks offer maximum loan amount options of $500, $750 and $1,000, with minimum loan ...

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