Payday Loan Guide

1
What You Need to Know About Payday Loans
2
What are payday loans?

• Payday loans are short term loans that are meant
  to put cash in your bank quickly for your
  immediate needs.
• It originally got its name because it was a loan
  that was meant to hold you from one payday to the
  next.
• These loans are also known as cashadvances.

3
The Loan Process

• Generally, the lender provides a short-term
  unsecured loan to be repaid at the borrower's
  next pay day. Some verification of employment or
  income is usually involved. Individual companies
  have their own underwriting criteria.

4
Whats the Catch?

• The only catch is that there are high interest
  rates if you do not pay back the loan.
• SO, if you know that you can pay back the loan
  beyond a shadow of a doubt by your next pay day,
  there is nothing inherently bad about payday
  loans. How they catch you is if you are unable to
  pay back your loan.

5
Where to get a payday loan?

• You can get a payday loan at local centers if
  there are payday loan centers near you.
• Alternatively, you can get payday loans from
  online sites, which are secure and quick.
• One such site is Best Payday Loans in Baltimore.
  While this site is located in Baltimore, it is an
  online site that gives loans to people around the
  world. Many people trust this site for their
  payday loans.