Category: payday-loans

Payday loans are loans you give if you are on payroll and expected to pay after your next payday. The loan is unsecured, but it has a high-interest rate compared to other types of individual loans. The loan will be in effect until your next payday, when you are expected to pay the total amount…

While the term payday loan doesn’t have any specific meaning, it is generally meant for a short-term loan or a high-interest loan. The loan amount is usually $500 or less, typically due on the next payday. Depending on the law of your State, payday loans are available through online payday lenders. To be precise, there…