Short Term Loans – Payday loans United States – How It Works?

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Short Term Loans – Payday loans in the United States – How It Works?

A short-term loan is a loan that is offered for a short repayment cycle. What time period is meant by “short-term” can vary greatly from lender to lender and based on the loan’s purpose. A payday loan lasting one week is just as much a short-term loan as an instalment one that lasts three months.

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