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Payday loans and installment loans (in particular, the type provided by World Finance) are what consumer advocates call âsmall-dollar, high-costâ loans. They often carry high interest. That is in part because the borrowers are typically low-income, and/or have poor credit or little credit history. Such subprime borrowers may not have access to cheaper forms of consumer creditâsuch as credit cards or home-equity loans through banks or credit unions. [link widoczny dla zalogowanych] everestcashadvance.ga Impact to Credit Score: Your lender may report late or missed payments to the credit bureaus. This can negatively affect your credit store. Consumers with credit difficulties should seek credit counseling.
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