Are these loans exactly like “payday loans”?
The installment that is short-term services and products provided by NAFSA members’ TLEs aren’t pay day loans; they’re installment loans. NAFSA members never ever participate in abusive collection methods or perhaps in any means disrespect or overlook the legal rights of y our clients.
Unlike pay day loans, installment loans are amortized, have definite loan term and require re re payments that get toward not only interest, but reduce of loan principal. Continua la lettura di NAFSA people offer small-dollar, short-term use of credit.