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  2. 7 Best Loan Apps of March 2024 - AOL

    www.aol.com/finance/7-best-loan-apps-march...

    Up to $250. Instantly for a fee; 3-6 days free of charge ... Direct deposit is required. ... Possible Finance features a payday loan alternative that lets you borrow up to $500 and repay in four ...

  3. Payday loan - Wikipedia

    en.wikipedia.org/wiki/Payday_loan

    This is an accepted version of this page This is the latest accepted revision, reviewed on 16 January 2025. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

  4. Payday loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Payday_loans_in_the_United...

    The federal government regulates payday loans because of: (a) significantly higher rates of bankruptcy amongst those who use loans (due to interest rates as high as 1000%); (b) unfair and illegal debt collection practices; and (c) loans with automatic rollovers which further increase debt owed to lenders.

  5. Emergency and payday loan alternatives that could save ... - AOL

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

    A payday loan is an emergency loan that gets its name from its repayment structure. With most payday loans, you’ll get the money upfront and write the lender a postdated check.

  6. JPMorgan Is Opening Up New Branches In Low-Income Areas ... - AOL

    www.aol.com/jpmorgan-opening-branches-low-income...

    However, payday loans may come with predatory fees. Payday loan providers may charge $15 to $20 for every $100 offered. Some interest rates on payday loans can get as high as 600% per year.

  7. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In the case of home loans, if the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it. Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car.

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