Payday Loan

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Payday Loan

A short-term loan expected to be repaid before the borrower's next pay day. Frequently, the borrower collateralizes a payday loan by presenting a postdated check for the amount of the loan (plus interest). The lender simply deposits the check on the agreed-upon date. Interest rates on payday loans are notoriously high.
References in periodicals archive ?
Summary: New Delhi [India], Jan 4 (ANI): India's first FinTech startup to offer salary advances and instant cash loans EarlySalary has announced its Series B funding of Rs.
In a circular sent to local branches, the China Banking Regulatory Commission (CBRC) said consumer finance firms would be banned from making loans to unapproved borrowers or putting money into areas such as cash loans and campus loans.
The number borrowers taking out cash loans from the micro-lenders is growing at an unprecedented rate, according to the lending companies and the government.
Unchained Capital, a new kind of financial services company, has launched their first offering: USD USD cash loans secured with Bitcoin as collateral, the company said.
ristmas Doorstep lender Provident is offering to "spread the cost of Christmas" with cash loans of between PS100 and PS1,000 at a rate of 1,557 per cent.
All cash loans agencies contacted by Sister Namibia informed us they charge 30 percent interest on their loans.
Apply right now to get payday advance and cash loans in Canada.
Contract award notice: service approval cash loans.
Business ventures within the first 18 to 24 months of operation have a combination of cash loans and trade facilities available to them.
AN ALCOHOLIC targeted a Stoneycroft family who had helped him out with cash loans.
ySTANBUL (CyHAN)- In 77 of Turkey's 81 provinces the total amount of personal cash loans is higher than that of personal savings, according to figures for 2013 released on Monday by the Banking Regulation and Supervision Agency (BDDK).
Using its membership fees and collection drives, the group raised funds to offer no-interest small cash loans and no-interest eyeglass loans.