Wednesday, 2 March 2011

Payday Loans: A Summary

Payday loans are extremely short term loans of generally 1 or two weeks, which are to be repaid when you get your paycheck. The objective of taking payday loans would be to tide over unexpected financial exigencies or medical emergencies. Payday loans are also known as a cash advance, check loan, payday advance loan or paycheck loan. If you are not able to pay off the payday loan on the stipulated date, you've the choice to roll it over. Nevertheless, you've to pay extra fees for the extension of the payday loan.Why are payday loans required?Payday loans or a money advance might be required at the end of the month for meeting urgent expenses like medical bills, electricity bills, phone bills, house rent, other utility bills or

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