answersLogoWhite
Personal Finance
Loans
Personal and Payday Loans
Money Management

What are payday loans?


Top Answer
User Avatar
Wiki User
Answered 2016-04-01 10:14:36

A Payday loan is basically a loan that is given and accordingly has to be paid back in due course, this kind of loan is generally taken in case of a financial contingency. Payday loans are carefully designed to give you a quick and small short-term loan which you repay on your next salary

Payday Loans are short term loans with high interest rates used to get immediate

cash, in that case the persons cover the expenses in case of an emergency. When there is no other money available to cover bills and expenses that need to be paid before the next paycheck is received.

thanks

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Loading...

Still Have Questions?

Related Questions

Easy Cash Loan payday loans South Carolina?

http://paydayloanssc.com/ payday loans South Carolina , payday loans South Carolina , payday loans South Carolinahttp://paydayloansut.com/ payday loans utah , payday loans utah , payday loans utah


Where can you learn more about faxless payday loans?

Faxless payday loans are described in detail in the encyclopedia of payday loans. Most payday loan companies, like Cash America and payday express, are happy to provide faxless payday loans, in fact preferring to give their loans in person.


Is there a payday loans website for Christians?

Yes, there are some websites for payday loans for Christians, some examples are: Christian Faith Financial-Christian Payday Loans, Payday Loans Apply and ChristianNet.


What companies offer payday loans in the UK?

Many companies offer payday loans in the UK, where there are fewer restrictions on payday loans than in the US. Some of these companies include Speedy Cash, Vallarta Loans, Piggy Payday Loans, Payday Ninja and Quick Quid.


Where can I get a Christian payday loan?

Payday loans in a great opiton for those who are in need and in hard times. Christan Payday loans at www.paydayloanprayer.com an place that offers these loans.


Where can I file for overnight payday loans?

If you are looking for a place to receive payday loans you can go to Amscot. Amscot offers overnight payday loans and you can have your money quickly.


What exactly are free payday loans?

Free payday loans are short-term unsecured loans, these payday loans are also referred to as cash advances. Free payday loans are unsecured because one's eligibility is dependent solely on prior payroll and employment history.


Are loans for unemployed the same as payday loans?

Loans for unemployed and payday loans differ in a few ways. Payday loans require a check stub from an employer. The interest rates are similar, but qualifications in some cases are lax.


Are military payday loans any better on interest rate than normal payday loans?

Many companies will offer military payday loans at reduced rates. Still, different companies will offer varying rates such that normal payday loans at one company may be lower than military payday loans at another.


The basic loan process payday loans online?

http://top10ratepaydayloans.com/ payday loans online , payday loans online , http://top10ratepaydayloans.com/ cash advance , cash advance ,


Where do I get information on secure payday loans?

If you want to get payday loan, but concerned about safety then you don't need to worry. Payday are secure payday loans and to get information on it you can check www.nationalpayday.com/.


Where and how do you apply for payday loans?

In the USA, you can apply online for payday loans. Fresh Instant loans might be helpful to gain desire loans which you need.


Is it possible to get sameday payday loans if someone has bad credit?

Ye, it is possible to get sameday payday loans even if you have bad credit. In fact you can get sameday payday loans if you have had a past bankruptcy.


Can you have 2 payday loans at once?

Generally, you cannot receive two payday loans at the same time.


Where can I find information on ez payday loans?

Visit an EZ payday loans center. They will be able to give you all the information you'll need about payday loans. Also check with Quicken and Moneytree.


What payday loans will except netspend?

where can I get payday loan in portland


Where can one find information regarding payday loans in Canada?

One can find information about Payday loans in Canada on a number of websites. Wikipedia, My Canada payday, and LoanMeIt webpages are few examples where one can get information about payday loans in Canada.


Does Payday Loans Online offer loans to people with decent credit?

Payday loans on line offers loans to people with any type of credit. There are more people with poor credit who take advantage of payday loan services.


What are some examples of credible companies who ofer the best payday loans?

Some examples of companies that offer the best payday loans are: 100 Day Loans, NetLoanUSA, FaxFreeCash, MyCashNow, PayDay One, SonicCash, CashNetUSA, National Payday, My Payday Loan and Personal Cash Advance.


What are some guaranteed payday loans?

Guaranteed payday loans are loans that a person is guaranteed to receive upon their application for the loan. Guaranteed payday loans are loans against a future paycheck. When the applicant has received the paycheck that the loan was made against, they pay the loan back.


What is the difference between online payday loans and walkin payday loan offices?

There is no difference in the business side of online payday loans and walk in payday loans. If it you do do it online, the return will be just as quick. I supposed being able to do it from your home does provide an advantage.


Where can payday loans be accepted?

Payday loans are accepted at a number of popular businesses and retail stores across America.


What companies in Canada offer payday cash loans?

The Canadian Payday Loan Assn. has a listing of the companies offering loans to Canadiens on their site. The Cash Store also provides payday loans to Canadiens.


Is there anyone in Raleigh, NC that will make bad credit payday loans?

Bad credit is inherent in "payday loans." These are predatory lenders, relying on the lack of fiscal and economic savvy on the part of the desperate borrower. People with good credit do not take "payday loans." Go to: payday-loans-raleigh.com


How many payday loans can you have out at one time in Tennessee?

Multiple payday loans are a very bad idea. Please don't fall into this trap. Visit http://paydayloantrap.synthasite.com/ to see what happens when you take out too many payday loans and alternatives to payday loans and other useful advice on how to pay them off.