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Sigature Loans vs Payday Loans
I think it would be a toss up for me as to whether I would go for a signature loan or a PayDay Advance. I don't have a regular job at this time so I think something like a signature loan might be difficult for me to obtain even though my credit score is not terrible. I think it might be something that I would investigate.
Without a job (or sme kind of income) I don’t think you can get any loan
Payday Loans vs Personal Loans. ... For starters, a payday loan operates on a much shorter time frame — it is typically due on your next payday, according to the Consumer Financial Protection Bureau — while a personal loan usually carries repayment terms of two to five years.
(01-17-2018, 12:51 PM)Heart Wrote: My family friend have his signature loan where the amount of deposit he has on that bank is equal to the amount of his loan. Funny isn't? But this person is rich anyway... maybe that's the same reason it was easier for them to have it their way. He told me that the interest was nothing compared to the profit he is earning from it. I don't like the idea of high interest in a payday loan so as much as possible I will stick to much wiser alternatives like signature loan.

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I concur with you in the sense that we find it difficult to accept things that are not easy for us to obtain. I wish there is a way the sensitization on getting installment loans can be done in order for us to see the need to follow that path and let go of anything that got to do with payday loans at the moment. 

Payday Loans
A payday loan is a short-term, high-cost loan that gives cash-strapped consumers the money they need until their next paycheck. Payday loans are typically made for small amounts, so they aren’t ideal for covering major expenses.

Signature loans
A short-term personal loan generally has a fixed interest rate and fixed repayment period. However, unlike payday loans, lenders make an inquiry into your credit when you apply for a personal loan, and each loan inquiry can lower your credit score a little bit.

I prefer payday loan for emergency only not all the times to prevent so much debts, debts cause death.

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