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A payday loan is a short-term, high-interest loan that is often required when an individual does not have enough money to cover a bill or other expense right away. Payday loans are typically available in two forms: revolving and installment. A payday loan revolving loan is designed to be repaid over a set period of time, usually 30 days, while an installment payday loan requires repayment in one lump sum at the end of the term. In this blog post, we will learn all about payday loans and are they revolving or installment!
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