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    Kent Baldree
    No title · 9 days ago

    There are two major differences between these loan types: Repayment length and Interest rate. Long term loans are usually spread out over years with a lower interest rate. Short term loans often have a higher interest rate and the terms are not as flexible. Payday loans are to be paid off on Payday. They carry high fees and interest charges but can be great in a pinch.

    It really does depend on your needs, your credit rating, and what you realistically feel you can afford. I would suggest learning more about Long Term Loans by Top Rated Personal Loans to see if they have a loan that will fit your needs.