What Are the Basic Requirements to Qualify for a Payday Loan?
What Are the Basic Requirements to Qualify for a Payday Loan? Payday loans, also known as cash advances, are short-term, low-balance, high-interest loans typically at usury rates. They are so-named because of a tendency for the funds to be borrowed on a post-dated check or account-withdrawal authorization effective on the borrower’s upcoming payday. These loans…
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