Category Archives: What’S A Payday Loan

Without a doubt about Do You Understand the terms and conditions of one’s Loan contract?

Without a doubt about Do You Understand the terms and conditions of one’s Loan contract?

1. Could be the rate of interest fixed or adjustable?

The borrower pays the market’s interest rate plus or minus a fixed percentage in a variable interest rate loan. A rate that is variable noticed in loans is theР’ Wall Street Journal prime rateР’ plus 2.5%. A borrower pays as the prime rate changes, so does the interest. Continue reading