Payroll Advance

A payroll advance is an advance loan that you take out from payroll advance companies, so that you have enough money to cover your expenses until your next payday. A payroll advance is not meant to be a source of income in itself because a payroll advance is a loan which you have to pay back. A payroll advance is meant to be a supplement to your regular salary if your expenses every exceed your income. A payroll advance is a two week loan. You have to make some sort of payment on your payroll advance two weeks from the day you got the payroll advance. If you pay off the entire payroll advance within two weeks you will save yourself a lot of money. Although it’s best for you as a customer to pay back your payroll advance in the first two weeks we understand that this is not always feasible which is why we allow payroll advance extensions. If you cannot pay back your payroll advance in two weeks you can pay only the finance fees which are 25% of your total loan and this will extend the due date by two more weeks. Please note that when you pay only the 25% finance fee you are not reducing the total amount of the loan you have due. You will still have to pay back the entire payroll advance at some point in time, it just depends on how many times you choose to extend the payroll advance due date.