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paydayadvance.com Info Detail
Need payday loan quick?
Jan 12, 2008 22:03:37

Payday Loans

A payday loan is a short-term loan for $100 to $500. It is sometimes called a cash advance because you make the loan with the promise to repay from your next paycheck.

How it Works

For example, on February 1 you needed $200 cash but your payday is in two weeks. The lender agrees to give you the loan with a $60 service fee. You then write a postdated check for February 14 for $260. The lender will then give you $200. The lender will hold your post-dated check.



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