All about payday loans: Is a payday loan a variable or fixed rate?

Are payday loans variable or fixed? In exchange for a post-dated check and a modest amount of cash, a lender will grant you a payday loan, a sort of short-term borrowing. The median loan amount is less than $1,000, and the typical loan term is two weeks to one month. Payday loans are frequently promoted as a solution to finance unforeseen costs or bridge the time between payments. However, many borrowers are unaware of the hefty costs and interest rates associated with payday loans. Click more here