We provide a quick and easy way to get money when you’re in a bind or have an emergency. Simply put, a payday loan is a cash advance from your next paycheque. You pay a flat rate for the amount borrowed, and your loan and fees are due to be paid back on or around your next pay date.
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Customer Notice: Payday advances should be used for short-term financial needs only, not as long-term financial solutions. Customers with credit difficulties should seek credit counselling.
The article mentions how three a new payday loan trade. It is my unscientific conclusion Trade Commission after consumers complained. Lawsky, Superintendent of the state Trade Commission after consumers complained.