Can't understand the difference between crypto loan and a simple payday loan...

[Trauma]

Could anyone explain me where is the difference? Moreover, what's more advantageous - a crypto loan or payday loan?

[Knightenno]

Man, it's not a rocket sciense! You can't pay for a regular loan with criptocurrency! You use regular money for regular loans. Duh!

[MrSandman]

Could anyone explain me where is the difference? Moreover, what's more advantageous - a crypto loan or payday loan?

The guy there is absolutely right. It's all about payment method. Why are you asking something like that? Are you thinking about getting a loan? I did 4 years ago. Bought a new house. I was just tired of rented flats and other stuff like that. One bank proposed loan with 4% interest, I refused it. Then one of my friends recommended to me these guys: expertpaydayloans.com [nofollow]. They gave me a loan with a 3 % interest rate. Much better. If you are looking for a loan, you should contact those guys - I think, they will propose something good to you.

[Capik27]

The Differences Between Short Term Loans and Payday Loans. Loan Duration: A payday loan is a loan that borrowers can take out and use their next paycheck as capital. Essentially, the idea is that if you don't have enough money to pay for what you need that month, you can take out a payday loan.

[emad785]

This is a really easy one, I mean it say is in the title. One is crypto, one is regular money. I thought bad things about loans always and my principle was to never take them. My thinking was that you are paying unnecessary fees and it is better to take money from friends and give it back. That was wrong thinking because you lose friends in that way. Loans are not that bad and I was lucky to find really good payday loan in Michigan. I was serious about it and I never missed any payments. That is what you have to do and when you need money it is the best option.

[Gabby711]

The difference between crypto loan and payday loan is actually the payment method and the currency involved but if you want to get a loan from any of them it is advisable to get it from a payment method that uses the kind of currency that you are being paid with as an income.

[Fawpac2]

Payday loans are loan which paid within income basis daily.

[smt_nirwana_01]

No matter what type of loan it is, it makes the most sense to buy and pay in the currency in which you are paid. Also, as much as possible, we should not forget that the loan amount is actually debt and not our money