Archive for the ‘Payday Loan’ Category

Payday Loan Page

A payday loan is a small, short-term loan (typically up to $1000) without a credit check that is intended to bridge the borrower’s cash flow gap between pay days.

Payday Loan Process

• The borrower writes the lender a check for the sum of the loan plus the lending charge. The lender gives the borrower the requested loan.
• The borrower consents to reimburse the loan the subsequent payday.
• On payday, the borrower has the option to
  • pay the loan sum plus the finance fee
  • or lengthen the loan by paying just the finance fee and writing a new check.

Best Payday Loan

• Compare the APR and the finance charge of credit offers to get the lowest cost.
  • loan fees
  • interest
  • other types of credit costs

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