A loan is always there in a pinch. But just as there are many reasons for needing a loan, there are also several different types of loans. Two popular types of loans are payday loans and car title loans. Let’s look at the difference between the two to help you decide which one better fits your needs. What is a Payday loan? A payday loan is a type of short-term loan where the borrower simply writes a post-dated check to the lender for the amount of money needed plus some interest. The loan is paid out to the borrower immediately, and the check is not cashed by the lender until the agreed upon date. The agreed upon date is typically […]
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