What is payday loan?
Payday loan is a very short term loan. Generally the term is one or two weeks or one month. Payday Loans also known as - "Cash Advance", "Paycheck loan", "Check loans", and "Payroll advance loans". Once you will get your paycheck, the payday loan is to be repaid. If you cannot repay the loan amount plus lender's charges within required times, you can rollover the payday loan amount by paying additional fees to the lender plus you have to pay the loan interest along with for the rollover period. So, payday loan can be termed a "Loan Sharking".
A Beginners Guide to Payday Loans
Why Take Payday Loans: Generally Payday loans are emergency cash solutions, particularly designed to meet last-minute cash crunch. You
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