PaydayAct

Payday Insider:  What is a payday loan? A payday loan is a loan provided until your first or second payday that rarely exceeds 30 days, in most cases not to exceed 14 days. It is a high interest loan with no credit check. The rates for this loan are commonly called fees vs. interest. The annual percentage rate could at times exceed 1000% depending on the number of days you have your loan out. What are some other names payday loans are called? Payday loans often go by a variety of names: cash advance, post-dated check loan, deferred deposit loan, cash loan, no credit check loan, and many other name...