Also called cash advance loans or check advance loans, payday loan is a relatively small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next wages .In actuality, a payday loan principal is a portion of your next paycheck. Payday loans charge high interest rates for short-term immediate credit. The amount of payday loans you can receive depends on how much you earn, and you usually have to provide a pay stub when applying for one.
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