Last Updated:
October 18, 2018

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Instalment Loans
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Instalment Loans vs Payday Loans

According to web definition an instalment loan is a loan that is repaid over an agreed period time via a set number of scheduled payments or instalments (normally at least two). The actual term of loan may be as little as a couple of months or as long as 30 years. That means that most “traditional” loans fall into the category of instalment loans –doorstep loans, personal loans, even mortgages are included. What it excludes are loans that are paid off in a single payment or open ended credit such as credit cards or overdrafts. These days though, the term Keep Reading >>>
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Instalment Loans To Avoid The Payday Loans Trap

Whilst instalment loans may often appear a more expensive way of borrowing when compared to payday loans they could help avoid the payday loan trap that so many borrowers fall into and hence could actually save on the cost of borrowing for a great many people. A traditional payday loan is designed to bridge the gap until the next payday, it’s specifically designed for those months when an unexpected cash flow problem hits for whatever reasons such as car maintenance, unexpected travel costs, heating repairs etc. Borrow a small sum of money, pay it back on payday and that’s it! Keep Reading >>>
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