mariekargbo458 mariekargbo458

28-10-2020
Mathematics

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PLEASE HELP Summarize how payday loans compare to typical loans. Use APR or APY in your discussion. What are some reasons someone might consider taking such a loan?

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jonasdanso1000 jonasdanso1000

28-10-2020

Answer:

Payday loans typically charge at an extremely high interest rate which are hidden in the "Fee". The of payday loans APR's often come to be at 500%. These are also convenient for people to who have poor credit scores.

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