Are payday loans variable or fixed? Understanding this can impact your repayment strategy and financial planning. Most payday loans have fixed rates.

A payday loan is typically unsecured debt, meaning no collateral is needed. This affects interest rates and repayment terms, impacting financial risks.

Learn how payday loans differ from other loans in terms of interest rates, repayment terms, and application processes to make informed financial choices.

Explore the true about payday loans, revealing their high interest rates and potential debt cycle. Make informed financial decisions with this guide.