Bank or Payday Lender by Faith Davis https://padlet.com/faithdavis11/17bb4yvp8akv3biw en-us 2020-11-25 07:13:47 UTC 2025-11-02 02:18:13 UTC hello@padlet.com Would you choose to go to a bank or a Payday lender? faithdavis11 https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958924664
I would go to a bank and get a personal loan rather than a payday lender. 

]]> 2020-11-25 07:15:52 UTC https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958924664 What would the loan amount be and what would be the difference in the final payoff amounts for the two lenders? faithdavis11 https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958926791 If I were getting a car I’d get a loan on 12,000 dollars, with bank loans I wouldn’t be paying a lot points ours be taken off my credit score. Where as with a payday lender I would end up paying 4-7% of the money, “By comparison, a loan for a new car generally has an APR of between 4-7%” (Section 1 Page 3)]]> 2020-11-25 07:16:56 UTC https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958926791 Explain your decision. faithdavis11 https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958928390 So I’d be picking a bank instead of a payday lender because in the end payday lenders are way more expensive and strict on their rules. “ A payday loan may be a convenient way to get cash for consumers who don’t have savings accounts or credit cards, but it is a very costly way to borrow” (Section 1 Page 2)]]> 2020-11-25 07:17:39 UTC https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958928390 faithdavis11 https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958930097 2020-11-25 07:18:26 UTC https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958930097 faithdavis11 https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958932894 2020-11-25 07:19:42 UTC https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958932894 faithdavis11 https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958934076 2020-11-25 07:20:13 UTC https://padlet.com/faithdavis11/17bb4yvp8akv3biw/wish/958934076