A payday loan is a short-term unsecured loan, often characterized by high interest rates.
A shop window in Falls Church, Virginia, advertising payday loans.
Check Into Cash, the largest payday loan company in the United States
A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services or withdraw cash on credit. Using the card thus accrues debt that has to be repaid later. Credit cards are one of the most widely used forms of payment across the world.
Metal signs at a plant nursery in Los Angeles County, California marketing Mastercharge and Bankamericard
Receipt from 1997 – card physically swiped and information imprinted on the receipt
Visa, MasterCard, and American Express are card-issuing entities that set transaction terms for merchants, card-issuing banks, and acquiring banks.
An example of street markets accepting credit cards. Most simply display the acceptance marks (stylized logos, shown in the upper-left corner of the sign) of all the cards they accept.