What is a payday loan or online payday advance?
A payday loan or payday advance is a small, short-term loan ranging from $100 to $550 offered by a payday lender, such as A-1 Cash Advance. A payday loan is typically used as a cash advance until your next payday.
Payday loans help cover unexpected expenses that come up between paydays. A payday advance can solve temporary cash-flow problems without bouncing a check with another merchant or incurring late payment penalties from other creditors. And a payday cash advance often is less expensive than many alternatives. Below are examples of costlier alternatives* to a typical 14 day cash advance payday loan of $100 with a $15 fee and an APR of 391%.
|Note: Cash Advances are not intended to meet long-term financial needs, but only a short-term need. Consumers should seek credit counseling for credit difficulties|