A recent study found that 63% of people in the United States would not be able to cover an emergency of $500 to $1,000 because they do not have enough money in their savings account. Often times, this means they need to seriously cut back on spending to handle the emergency, put it on a credit card, or borrow it from friends or family members. Some companies, however, are making it easier for people to borrow a small amount of money when they need it.
What are Installment Loans?
Installment loans are loans for a small amount of money, usually … Read the rest