Payday loans, also called cash advance loans, post-dated check loans, payroll advance loans, and deferred deposit check loans, are short-term loans that allow people to access cash before their next paycheck. Payday loans are especially useful in the case of emergencies such as medical expenses, car repairs, or important one-time payments.
How do Payday loans work?Payday lenders provide borrowers with a payday or cash advance loan, funds will be deposited into your account the next business day.* Your payment(s) will be debited electronically (ACH) from your active checking account on the day your payment is due.
How long does the Payday loan application process take?The payday loan application process takes just minutes to complete because applicants are only required to provide basic documents and proof of identity.
When Will My Loan Be Due?Your due date will normally be due on your next payday that is between 8 and 25 days away. Each state has different rules and regulations. If you have questions, review your loan contract or contact your lender directly. Remember there may be specific laws and regulations, depending on the state you live in.