The Payday Loan Process

Payday loans are usually given in cash and secured by a post-dated check. the check typically will be written for the amount of the loan plus the lending fee. The payday loan company will try to make sure that the due date falls on the borrower's next payday. On that day, the payday loan company will cash the check. Sometimes the check is cashed with an automatic withdrawal from the borrower's checking account.

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