Define: Paday Loan

A paday loan is a payday loan. A paday loan is a misspelled version of payday loan. Some people call a paday loan a cash advance while others call a payday loan a payday advance. There are many different names for a paday loan but they all have the same definition. A paday loan is a small, personal, cash advance. A paday loan is a two week loan. The way a paday loan works is that once you are approved for the paday loan you will get the paday loan deposited directly into your bank account. The paday loan will be deposited into your account the business day after it is approved. You get to use the paday loan funds for whatever you want to use them for but you must pay back the paday loan after two weeks. If you cannot or do not want to pay back the entire paday loan in two weeks, you can opt to extend the paday loan. You will have to submit an online payment request by the deadline in order to extend your paday loan. You must pay at leas the finance fees on the paday loan if you want to extend the due date by two more weeks. Please note that when you pay only the finance fees you are only paying the extension fees and you are not reducing the principle of the paday loan. To learn more about our paday loan please visit our paday loan website at www.mypaydayloan.com.