Payday Loans


a relatively small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next paycheck.

Pros of a Payday Loan

  • Ease Of Application: Few spend more than 30 minutes filling out a payday loan application. Online borrowers spend about five minutes.
  • Ready Approval: Usually, no credit check. Poor credit scores are not typically a hoops to jump through.
  • Quick Cash: Most borrowers will have their money in hand within 24-hours. Some borrowers, however, once approved, can get their money within an hour.

Cons of a Payday Loan

  • High Interest-Rates: Do not take out a payday loan unless you've got your method of payback in place.
  • Fees: Failing to pay back the cash advance on time can lead to penalty charges of $15 per $100 -- and sometimes quite a lot more.
  • Lender-Powerful Contracts: Contracts tend to be highly favorable to lenders.The bottom line is, read the contract carefully.
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Advanced America

If you need a little extra money before your next paycheck, try a Fast & Easy Cash Advance. We’ll help you get the money you need today. So you can keep moving forward.

  • Get money in minutes
  • Clearly defined fees & terms
  • Simple, short-term advance
  • Also known as a payday advance

ACE Cash Express

When you apply for a payday loan at ACE, all you need is a source of income and a bank account. Plus, every online loan comes with a 72-hour Satisfaction Guarantee. So, if you change your mind about your online loan, just return the principal within 72 hours and pay nothing more.

Why Borrowers Use Payday Loans

> You might need a payday loan if you don't have enough cash to pay everyday expenses like rent, food, and utilities.

> You might need a payday loan if your car breaks down and you're faced with a huge repair bill.

> Maybe a medical emergency.

> If your checking account is overdrawn.

> Travel needs.

> If you max out your credit cards.

Now Would I Use a Payday Loan?

I would say no, it could be a setup for a scam, scammers are creating bogus payday loan sites to snag their victims. These sites look completely legitimate. Some even have fake video testimonials to implant confidence. Once you wire money to the scammer there is no way you can get it back either. Also because of the unreasonable interest rates, payday loans are never a good deal for the borrower.