Installment Loans vs. Payday Loans, Meridian, ID
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Installment loans are less risky than payday loans. An installment loan also usually has a higher amount available for a loan. Idaho Finance approves loans from $100 up to $5,000. Installment loans are paid back over a period of time with a set amount paid monthly. A payday loan is designed to be paid back by the borrower’s next payday.