Installment Loans Source Offers Alternative to High Interest Payday Loans
Warnings have been issued by the Consumer Federation of America to those consumers who use Internet payday loan sites where the money borrowed is due by the borrower's next payday. These loans, according to the CFA, can cost up to $30 per $100 borrowed, with borrowers facing annual interest rates (APRs) of 650%. In lieu of these type of loans, Jane Barr of Installment Loans Source says installment loans are a much better option for the cash-strapped individual facing credit...
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