Personal loans come in many variations. Some personal loans of more than $1,000 require collateral and a credit check. Loans less than $1000 usually do not.
Installment loans are a popular alternative to payday loans because you get to stretch out your payments over time and still have the advantage of bad or no credit loans or no faxing requirements.
Payday advance loans usually require the entire amount to be repaid on the next pay period. Bad credit ok and no faxing for loans under $1,000. State laws may require installment plans anyway.