A payday loan is a small, short-term loan which is due to be paid back on the borrower’s next pay day. The loan is usually for $1000 or less and it has a very high interest rate. These loans are also known as cash advances or check loans. You may have to allow the lender to access your checking account or provide a check for the entire balance amount in advance. This will give the lender the option of recovering the loan on the due date. The lender may provide the loan amount in the form of cash, a check or an electronic transfer to your checking account. The funds may also be loaded onto a pre-paid debit card. The loan is usually meant to be paid back in one lump sum payment but rollovers or renewals or interest-only payments are not uncommon. The loan may also be repayable in installment over a period of time http://www.uspaydayloansonline.com http://www.paydayloanforusa.com http://www.samedayloansusa.net http://www.cashadvanceusaonline.com