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4 years ago

Which of these is a correct statement regarding payday loans?

Mathematics

2 answers:

Anika [276]4 years ago

8 0

A-They're easier to get than both car loans and credit cards.

Alexandra [31]4 years ago

8 0

Answer:

A.) They are easier to get than both car loans and credit cards.

Step-by-step explanation:

Payday loans are also called cash advance loans or check advance loans.

These loans are comparatively very easy loans for a person to get. These are short term loans that come with high interest rates. The rates are based on the borrower's income and credit profile.

In this loan the principal amount is typically a small portion of the borrower's next paycheck.

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$\huge\text{Hey there!}$

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