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Those repayment that is short — talk by what those are and exactly why they’re dangerous.

Those repayment that is short — talk by what those are and exactly why they’re dangerous. Liz: All right, sounds good. Hey, Annie, welcome to the show. Annie Millerbernd: happy to be right here. Thank you for having me. Sean: Hey, Annie. I want to establish you here. Our listener Michelle has to fix her automobile, but she’s quick on money and her credit just isn’t great now. She’s hoping to get a little personal bank loan to pay for the price, but she’s not sure that’s the choice that is smartest. So to begin, is it possible to explain exactly what a small-dollar loan is and exactly how it is distinctive from other forms of loans? Annie: Small-dollar loans are loans typically under $2,500.