Are Payday Loans Installment or Revolving?A Breakdown of the Differences

Are Payday Loans Installment Or Revolving? Payday loans are a type of short-term, high-interest loan that is typically used to cover unexpected expenses. They are often characterized by their high fees and APRs, which can make them difficult to repay. One of the most common questions about payday loans is whether they are installment loans…