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http://bit.ly/1TE8h8E - A payday loan is a small dollar short-term advance used as an option to help a person with small, often unexpected expenses.
Remember that though your first loan amount is capped at $1,000, you can talk with the manager, explain them your situation, and receive up to $3,000 as a monthly installment loan. People say that often a decision on installment loans is affected by how spotless your credit history is.
Installment loans can also be used to consolidate debt or pay off credit card debt. In addition, they can be used to cover a one time expense, like a downpayment for a car or home improvement project.
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An installment loan is a personal loan of anywhere from $1,000-$5,000 that is lent to those in need. These loans are to be paid back on a monthly basis in equal amounts over the period of up to 36 months.
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