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A payday advance is a two week
loan. You have to pay back a payday advance two weeks from when you get
the payday advance. If for example, you take out a payday advance on January
1st, the payday advance will be due back no later than January 14th. If
you cannot pay back your payday advance in two weeks you need to let Mypaydayloan
know ahead of time so we can set up alternate arrangements. You always
have the option to extend your payday advance due date. You can make two
week extensions. So, using the same example say you cannot pay back your
payday advance on January 14th. Lets say your payday
advance is for $300. What you can do is submit an online payment request
at least by January 12th stating that you agree to pay the 25% finance
fees and opt to extend your payday advance due date until January 28th.
What will happen is your account will be debited for the $75 finance fee
and you due date will be extended until the 28th.
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