Pay Day Loan

A payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. Typical loans are between $100 and $500, on a two-week term and have interest rates in the range of 390 percent to 780 percent (APR)[1]. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card

Everyone has emergencies pop up in their life sometimes. These unplanned events can be costly and potentially crippling if you don't have enough money put aside to remedy them. If your car suddenly breaks down and you have no way to get to work, you can't simply wait until payday rolls around to get the repairs done. When you find yourself short of cash and in high need, there are several types of cash advance services that can help get you out of trouble with some fast cash.