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Yes, payday lending is the exact same as a payday loan, but sometimes people call it different things. It is for those who need a very short term loan until they get paid at work, at which point they pay the loan back. This usually comes with a high interest.

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Q: Is payday lending the same as a payday loan?
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Related questions

Why is it a bad idea to get a payday loan?

payday lending operations charge higher interest-rates than traditional banks


Does anyone accept Meta Bank for a payday loan?

tremont lending and check into cash


Is it a felony if you banking account closes on a payday loan in Indiana?

It's not even a misdemeanor to default on a payday loan. Payday loans are governed by law as any other loan. They cannot file criminal charges. At most, they can sue you, if your state allows payday lending. Some states have made payday lending illegal. Research the Fair Debt Collection Practices Act (FDCPA). This will tell you what collectors can and cannot do by law.


Are online payday loans legitimate?

The answer to this question depends on which online payday loan company you are talking about. The Lending Tree is a good example of a legitimate payday loan company, but I would steer clear of online payday loans all together.


What does the process of payday lending consist of?

The process of payday lending consists of the lender supplying a short term loan for a flat fee. The loan is unsecured but the lender will usually require proof of employment or income. The borrower writes a post dated check and returns on the due date to repay the loan. If the loan is not repaid the lender will cash the check.


Do payday pig charge you for finding a loan?

PaydayPig.co.uk is a loan broking site operated by Stop Go Networks Ltd. They do not charge a fee. One their lending panel are all the top UK payday lenders.


Where can one get a payday loan cash advance?

Money Mutual's online lending network is a cash advance source that can be trusted to find a payday loan quick and easily. Your personal and private information is kept confidential.


Where could someone get a payday loan online?

There are many websites online that someone can get payday loans. A few are: mobiloans, great plains lending., payday loans online, aaa pay day cash, and checkngo.


Where can one apply for a same day pay day loan?

There are several online websites which provide information about same day payday loans. Pick the Loan, Brick Loans, Same Day Payday Loan, Quicker Cash, Advance America and ACE Cash Express are online sources where one can apply for a same day payday loan.


What websites offer an online loan?

There are a lot of online loans places that you can get a payday loan or a personal loan. Some sites are lending club, 100 day loans, net loan usa and fax free cash.


Where could one get an instant payday loan?

Instant payday loans are available at many different places like local shops, payday lending stores or even gas stations. They are usually located around low-income neighborhoods.


What is the average interest rate on same day payday loans?

The average interest rate on a same day payday loan can be over 900 % for a one week loan, over 400 % for a two week loan and 200 % for a one month loan.