Bad Credit Unsecured Personal Loans Interest Rates vs Cash Advance Payday Loan Fees in August

Posted on | August 24, 2010 | No Comments

With many Americans now being considered bad credit borrowers it comes as no surprise to see people looking for the difference between bad credit unsecured personal loan interest rates and cash advance payday loan fees. It is important to remember that there are several differences when it comes to personal loans and payday loans.   A financial situation can greatly determine which loan type is right.


With a bad credit unsecured personal loan is the case that borrowers will have to go through a credit check and they will find that there are interest rates applied to the amount of money they borrow. One of the luxuries of a payday loan is the fact that it can be paid back in monthly installments very similar to a mortgage payment or a car loan.

With a bad credit cash advance payday loan that is the case that there is no credit check involved but there will be upfront fees. The fees are usually paid in the form of a post dated check written for the day in which the borrower is is expected to receive their next paycheck. These usually range from $15-$35 for every $100 borrowed.

Author: Mike Garner

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