Define PayDay Loan - What is a PayDay Loan?
A PayDay loan or cash advance is a small, short-term loan typically up to $500 - $1500. All transactions in which funds are advanced to be repaid at a later date, notwithstanding the fact that the transaction contains one or more other elements and a ‘PayDay lender’ shall be one who engages in such transactions

Define PayDay lender
a ‘PayDay lender’ shall be one who engages in a loan transaction in which funds are advanced to be repaid at a later date

What is PayDay loan?
A PayDay loan or cash advance is a small, short-term loan typically up to $500 - $1500. All transactions in which funds are advanced to be repaid at a later date, notwithstanding the fact that the transaction contains one or more other elements and a ‘PayDay lender’ shall be one who engages in such transactions

Define Cash Advance loan
Cash advance can be a short term loan of up to $1500 in funds that are advanced to be repaid at a later date or cash provided against a prearranged line of credit such as a credit card.

What is a cash advance loan?
A cash advance loan is a short-term loan from $500 to $1500 advanced to be repaid at a later date or cash provided against a prearranged line of credit such as a credit card.

How do PayDay - Paycheck Advance loans work?
PayDay loans," "check loans," or "payroll advance loans typical features include taking and holding the borrower’s personal check, and a two-week repayment term with loan amounts due in full within 31 days.

PayDay loans may be helpful when you are having temporary cash flow problems or are facing a financial emergency and need money on a short-term basis. After filling out a PayDay loan application and providing the lender with items such as paycheck stubs and a photo ID. You sign a loan agreement, write a postdated check to the lender, and receive your money. Your check is held until your loan payment is due - usually two weeks. The lender then deposits your check - unless you have replaced the check or have already repaid the loan. 



How many Short Term loans can I get? 
There is no limit. You will have to payoff your current short term loan in order to qualify for another loan. 90 percent of these small, short-term and high-cost loans go to repeat borrowers who return as much as a 12 times a year.

What is the minimum and maximum Pay Day loan amount? 
PayDay or cash advance loan amounts range from $100 - $1500.

How do you pay back a Paycheck advance loan?
Most cash advance loans require the borrower to pay the loan back in 2 to 4 weeks. 
Some companies make direct withdrawals from your checking account on your next PayDay or the PayDay that you designate on your application

Do I have to have good credit for a Pay Day loan?
Most short term PayDay cash advance loans do not require good credit as the application process usually does not involve a credit check.

Are there PayDay loans for self employed?
Proof of income is required. The last three bank statements may be all that is required to secure a PayDay loan.

Are there PayDay loans for people with bad credit?
Yes. Your credit standing is not a condition to receive a PayDay loan.

How long do I have to work to get a PayDay loan?
You simply need proof of income. This can be provided by a bank statement if no payroll check stub is available

How soon can I get a PayDay loan?
Most PayDay cash advance loans fund within 24 to 48 hours.