Rather than go through a big-name financial institutions for a payday loan, there are now several private companies that offer the same services. Since they are smaller, the loans themselves and the loan periods are smaller as well. In most cases, the borrower will be given one month to repay the loan.

The idea behind payday loans is that you are able to use your future earnings, from your paycheck, before the check is actually written by your employer. If you have a financial emergency, payday loans are a great way to help you out in a bind. However, you must be aware that the loan is usually due the next month, meaning you will not be able to use your paycheck that following week, as it will be owed to the payday loans company.

In need of a payday loan?  With ConnectedCommunities, getting the money you need is quick and easy!  Simplyfill out our online application and get the money you need within 24 hours.