2012-08-16
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Now you can see general characteristics of payday loans.
A payday loan is an unsecured loan — typically $100 to $1,000 — that's must be repaid + interest as soon as you get your next paycheck. Lending periods typically do not exceed 4 weeks.
Payday loans in Torrance, Pennsylvania is are simple to get. The interest rate is individual for each borrower and depends on several aspects: age, income, loan amount needed, loan term, credit score, etc.
6% APR small loan cap
If you have a bad credit score you may still be able to take out a payday loan. Such loans are designed to help meet the needs of clients with less than perfect credit scores. There are companies who may be pleased to give you a payday loan even if you have a bad credit score. You will need a steady income to apply for a bad credit payday loan.
To get approved for a loan, you must comply with the following requirements: