How Does a Payday Loan Work?

A payday loan involves borrowing a certain amount of money for a short time only, typically until the borrower is paid by his or her employer. Because the borrower has a steady job, he or she is able to borrow money without any collateral or even a credit check necessary. The money is then automatically debited from his or her account on a designated date, typically on or after his or her next payday.

A payday loan gives a borrower the opportunity to borrow money for a short time only, at a fixed rate and with no long-term obligation involved. It is particularly helpful in situations involving a financial emergency or a situation where the borrower is facing an unexpected expense that just can't be covered until his or her next payday.

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Click on the links below to learn more about payday loans:

Qualifying Factors

Basic Requirements

Payday Loan FAQ

What is a Payday Loan?

Apply for a payday loan today to seek relief from the financial emergency you are currently dealing with.