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Installment Loans are characterized by a series of monthly, semi-monthly or biweekly payments usually over a period of twenty-four months. Installment Loan amounts are typically between $1,000 and $5,000.
Payday loans are short-term cash loans directly deposited into your checking account by Cash Central. People from all walks of life generally use their payday loan for emergency expenses, including doctor bills, utility payments, rent payments, or to avoid bouncing a check (or checks) at their financial institution.