Payday Loan

Definition: A payday loan is synonymous with payday advance, payroll advance, check advance, cash advance, cash loan, payroll loan, and paycheck advance. A payday loan is a two week cash advance that is meant to be a financial boost until your next paycheck comes in at which time you should pay it back. Note that I said should pay it back. This is because it is not required to pay back the entire loan on the first due date but it is recommended. You can extend the due date on your payday loan as many times as you want, two week extensions at a time, but a fee is required to make an extension. The more times you extend the more fees you will be paying, so for you the customer’s sake it is cheaper to pay off right away. A payday loan can be a $100 loan; it can be a $200 loan, $300 loan, all the way up to a $1,000 payday loan. As a first time payday loan customer you can get a payday loan for up to $400. Once that payday loan is paid off you can get another payday loan for up to $500, then the next one for up to $600 and so on until you reach the $1,000 maximum. As a first time payday loan customer you are also eligible for a free payday loan. This means that as a new payday loan customer, the finance fees on your payday loan are waived when you pay out in full, so you only have to pay the principle. If you think you may be interested in a payday loan visit www.mypaydayloan.com for more details on our payday loan service or you can apply directly from the website