Whether you are in need of emergency funds, between paychecks or just want some extra cash a payday loan might be the answer. Payday loans are small short-term, unsecured loans. Usually $500 or less. Borrowers promise to repay the loan out of their next paycheck or regular income payment. Because the concept of the payday loan is to supply the borrower with fast cash for a very short period of time or until they receive there next paycheck the APR are typically very high.

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