Is a payday loan the same thing as a cash advance?

Yes, a payday loan is the same thing as a cash advance, paycheck advance, or payroll advance. It is a short term loan that typically lasts for two weeks. The average cash advance is due two weeks from the day you took the loan out or until your next payday. Frequently there is a service fee but mypaydayloan.com offers all first time customers a service fee free loan.

At mypaydayloan.com all first time customers qualify for a service fee free payday loan. That means that when you pay off your loan in full, the entire service fee is waived. For example, if you take out a $300 advance the service fee would be $75 but if you are a new customer you only have to pay back $300. It is important to note that this free loan is only free when you pay out in full. What Mypaydayloan.com will do is waive your finance fees when you pay off your loan completely. We only waive the initial set of finance fees, so if you opt to extend your loan multiple times you will be responsible for those additional finance/extension fees. However, if you use the loan as it was intended to be used-meaning pay off in two weeks- you'll get your fees waived and the loan will be free.

Typically, new customers are the only customers to receive a service fee free payday loan; however, mypaydayloan.com frequently runs promotions and as a renewal customer you can often take advantage of a service free loan. When you’re short on cash and in need of a payday loan then mypaydayloan.com is the provider you need to contact. Mypaydayloan.com will take care of you every time you need a little financial boost. The application is quick and easy and once you’ve received your first loan every consecutive renewal is even easier to get. Don’t hesitate, apply now and receive the funds in your account the following business day.`