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What are Payday Loans? A payday loan is a short-term, high interest, fast cash loan marketed as a way to borrow money ASAP. You're supposed to repay it by the time you get your next paycheck (hence the name “payday loan”). In theory, it's the kind of loan you'd take out when your car gets that flat tire or your kid's asthma will online payday loans sue you The term signature loan is often interchanged with personal loan. Some people also call it loan of good faith as lender banks on your good faith to pay the loan and nothing more. A signature loan allows you to borrow a bigger amount of money than a payday loan can provide and in longer loan term. You can then use the preditory paydayloans Jan 26, 2013 If you're not familiar with payday loans, these are those small, short term, unsecured loans that are linked to your payday. They are sometimes called “cash advances”. Payday loans don't require a credit check. If you are employed and can prove you get a regular paycheck, you could get a payday loan.
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