Payday loans

22. Mai 2011 – 02:45

What is a payday loan and why are they becoming more and more popular?

A payday loan is a small, short-term loan that’s intended to cover a borrower’s expenses until his or her next payday. 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 (see cash advance). Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.