PaydayAct

Cash Advance:  Payday advance loans, also known as cash advance loans, post-dated check loans or deferred deposit loans, are short-term loans that promise to give borrowers cash today in exchange for a fee. They are called payday loans because borrowers often promise to repay the money when they have cash again on their next payday. In a typical payday advance loan, the borrower writes a post-dated check to the lender, with an amount tacked on for the fee. When the date on the check rolls around, the lender either cashes the check or rolls the loan over for another short term, usually two weeks or a month...