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Choosing the Right Type
Picking the right variation can make short-term borrowing much safer. This is Step 3 of 3.
Lines of Credit
A payday line of credit lets you draw funds up to a set limit and repay flexibly, paying interest only on what you use. It offers more flexibility than a one-time loan but requires discipline to avoid borrowing more than you need.
Comparing the Variations
When choosing, compare the repayment style, the total cost, and whether any asset is at risk. An installment option or credit-union loan is usually safer than a single-payment or title loan.
Final Tip
Match the loan type to your situation and always favour the option you can repay most comfortably. Tap Next to return to the dashboard.