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Articles Corner
Interested in reading more and more on cash advance, payday loans and their implications?
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Terminology
Interested in learning more of the terms used in cash advance?
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Payday loan cash advance
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Usually, a borrower writes a personal check payable to the
lender for the amount he or she wishes to borrow plus a fee.
The company gives the borrower the amount of the check minus
the fee. Fees charged for payday
loans are usually a percentage of the face value
of the check or a fee charged per amount borrowed - say, for
every $50 or $100 loaned.
And, if you extend or "roll-over" the loan - say
for another two weeks - you will
pay the fees for each extension
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