What is the difference between an emergency payday loan and a personal unsecured loan?
Written by lifang
January 09, 2008 13:32
An unsecured personal loan allows you to borrow $1,000 to $10,000. These loans can be paid off in between one and four years. To qualify for the loan you must have a credit score of at least 580 or have a co-signer. Emergency payday loans allow you to borrow $100 to $1,000. The repayment term of these loans is very short, approximately two pay periods, however there is no credit check required for the application.