Subscribe to the Cash Academy Blog to receive great information.

Loans 101 Tips from the Cash Academy

Frequently Asked Questions

What is a payday loan?

A payday loan is a short-term loan due on the borrower’s next pay date. It’s a type of loan that can help when borrowers have emergency expenses.

Learn More

What is a personal loan?

A personal loan is a type of loan that’s paid in installments and used by borrowers for various personal reasons.

Learn More

What is an installment loan?

An installment loan is a type of loan that’s paid in installments, or segmented payments, over a certain period of time.

Learn More

What is a title loan?

A title loan is a type of short-term loan that uses the title of the borrower’s vehicle to secure the loan funds.

Learn More

How does interest work?

Loan interest works by applying a percentage to the loan amount that the borrower pays in addition to the loan principal.

Learn More

What’s the difference between prime and subprime loans?

Prime and subprime loans have to do with the credit score ranges of the borrowers who qualify for these types of loans and their rates.

Learn More

Follow for More Cash Academy Tips

Follow the Check City Cash Academy Blog for more great personal finance tips by following us on social media and looking out for the hashtag #CashAcademy.

Girl with yellow circle and cash graphic