Risks Of Cash Advances And Payday Loans

Jul 26, 2011: Pay day loans are various kinds of small cash advances taken for a very short duration. They are very expensive and typically must be repaid in full by the next pay day of the borrower. These are also known as cash advance loans, check advance loans, or deferred deposit check loans.

These loans offer cash advances when money is tight, but they do not adequately inform the borrower