{"id":21177,"date":"2022-11-06T04:19:29","date_gmt":"2022-11-06T03:19:29","guid":{"rendered":"https:\/\/ecreditdaily.com\/?p=9373"},"modified":"2022-11-10T21:58:51","modified_gmt":"2022-11-10T20:58:51","slug":"consolidate-payday-loans-bad-credit","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/loans\/consolidate-payday-loans-bad-credit\/","title":{"rendered":"consolidate payday loans bad credit"},"content":{"rendered":"
Payday loans are short-term loans that are normally paid back within a few weeks. The tenure of a payday loan is normally 30 days or less. Payday loans normally go up to amounts of around $1000.<\/p>\n
The repayment of payday loans is normally done via a single payment. The lender usually takes a post-dated check from the borrower. The amount on the check reflects the principal and the loan fee. The lender may also ask the bank of the borrower to provide it with the right to deduct this check amount if the borrower does not make the repayment on time.<\/p>\n
In order to get an online payday loan, the borrower needs a working checking account and a source of income.<\/p>\n