Difference between revisions of "Cash loan"

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A '''cash loan''' is a short term quick loans, usually lasting less than month until the next payday.  Taken over a year the [[interest]] rate is extremely high, though in some jurisdictions there are legal limits set to prevent [[usury]] - even within different states in the [[United States]].  The lender is carrying a heavy risk of the loan not being paid back.
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A '''cash loan''' is a short term quick loan, usually lasting less than month until the next payday.  Taken over a year the [[interest]] rate is extremely high, though in some jurisdictions there are legal limits set to prevent [[usury]] - even within different states in the [[United States]].  The lender is carrying a heavy risk of the loan not being paid back.
  
 
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Revision as of 21:35, 19 October 2013

A cash loan is a short term quick loan, usually lasting less than month until the next payday. Taken over a year the interest rate is extremely high, though in some jurisdictions there are legal limits set to prevent usury - even within different states in the United States. The lender is carrying a heavy risk of the loan not being paid back.

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