Some loan providers give small cash advances in return for a post-dated individual check.

Some loan providers give small cash advances in return for a post-dated individual check.

Payday Advances (Check Always Loans)

What exactly are payday advances or check always loans?

They consent to hold these checks until the debtor’s next payday. Which explains how a loans got their title. It describes the newer names “check loan” and “check always advance.” They are for between $100 and $500.

Some loan providers pretend they cannot loan cash. Some state they provide “deferred deposit solutions.” Other people behave like they truly are attempting to sell one thing. Nevertheless the main point here is they offer money 1 day which is not due until some future time. Continue reading “Some loan providers give small cash advances in return for a post-dated individual check.”