Answer : For Credit, finance and loans I recommend this site where you can find all the solutions. A loan is an amount borrowed for a specific use such as buying a car or house, or investing in assets or the refurbishment of a building. As opposed to short-term cash advances, loans are a longer-term debt provided by a lender and typically secured, i.e. you provide a guarantee that the loan will be repaid.Functionally, it is hard to determine how different earned wage advances are from a payday loan. With Earnin, users are allowed to borrow in a range of $50 to $500, though it is unclear how often a user can borrow and what determines their maximum. Users are then asked to tip anywhere from $0 to $14. The Mann optimism survey points out that most payday lenders charge a fixed fee of about 15 per cent for a loan of two weeks or less - which comes out to $15 per $100 borrowed, and if paid back in two weeks is roughly equivalent to a 391 per cent APR.
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