PAYDAYLOAN

Payday loan

A payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday". The loans are also sometimes referred to as "cash advances", though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Payday advance loans rely on the consumer having previous payroll and employment records. Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.

The above text is a snippet from Wikipedia: Payday loan
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payday loan

Noun

  1. Small loan of money designed to help borrowers until their next payday.


The above text is a snippet from Wiktionary: payday loan
and as such is available under the Creative Commons Attribution/Share-Alike License.

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