Let me make it clear about pay day loans, along with other lending that is short-term

Let me make it clear about pay day loans, along with other lending that is short-term

With this web web web page

This site contains details about our basic way of complaints about payday advances along with other short-term financing. If you’re interested in information particularly with regards to Covid-19, please have a look at our specialized web page which has information for customers about complaints pertaining to Covid-19 .

Exactly what are payday advances?

Pay day loans are a form of borrowing referred to as “high-cost, short-term credit”. You borrow between ВЈ50 and ВЈ1000 and pay back once again the mortgage with interest, in a single re re payment on or shortly after the next payday. This sort of borrowing is commonly higher priced than several other kinds of credit.

There are more kinds of short-term financing, including:

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