Every coin has two sides if you know the benefits or reason to invest in minto money there it’s our responsibility to let you know the disadvantage or drawbacks of the same.
- They are not available in all states
- The higher interest rate with longer terms
- High apr
- Unclear until the contract is sanctioned
- They are not state licensed
- Loan not available for military members
- They can have an impact on your credit score.
After reading the above points it is always better to do your research properly and be self-satisfied with someone especially when you are taking loans from somewhere be it short or long.
