Yes, a longer payday loan means additional time to cover the loan down, but inaddition it means greater costs—with no extra advantages.

One of the primary difficulties with pay day loans is the extremely quick repayment terms. Having a term that is average of fourteen days, it could quite difficult for some people to cover the mortgage off on-time.

But recently some lenders that are payday looked for to supply pay day loans with somewhat longer terms, like 90 days. So might be these a safer bet? Continue reading →