Payday Advance

Another term for a payday loan, which provides a customer a short-term cash supplement in advance of their next payday. High interest rates and fees are the cost of convenience -- no credit checks apply, and faxless payday advance applications let consumers apply from home and receive cash deposits directly to their checking or savings accounts. Most lenders issue loans around $500, and will issue cash to any person whose employment is verified, within 24 hours.

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