How To Compare $700 Loans
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Apply for a $700 Loan
So if you need $700 right now there's a good chance you might be in the market for a loan! Especially when you understand how quick and easy they can be.
There are two types of loans you can expect to get for a $700 loan: a payday loan and an installment loan.
Both of these loans come with their own terms and you should have a solid understanding of the difference between a payday loan or personal loan before taking one.
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Difference Between a $700 Payday Loan and an Installment Loan
There are different options for $700 personal loans, especially if you don’t have a perfect credit rating. The first is to get an installment loan.
This isn’t a payday loan. Instead, it’s a loan that’s paid back over a certain period, like six months. A $700 installment loan requires you to do the following:
- Provide your financial information, including your employment history and income figures.
- Supply account information for a bank account in good standing.
- Pay back the loan via automatic debits from your account on the installment schedule.
A $700 payday loan is set up differently and requires you to repay the loan after a set timeframe, usually by your next payday. A $700 payday loan requires you to:
- Provide your financial information, including your employment information and income figures.
- Supply account information for a bank account in good standing.
- Pay back the loan on your next payday by automatically debiting your account.
It’s a simple process, and it only takes a few hours or a few days to have funds available in your bank account.
