Archive for October 4, 2013

Five Facts You Need to Know About Payday Loans

Written by Marty on . Posted in Online payday loans, Payday loans online, Short term loans

Short term loans

Accidents happen. The world is filled with unforeseen circumstances. To help you cope with these, there are a number of services that help get you cash more quickly than simply waiting around until your next payday. Payday loans, for example, can help. But before you get involved, here are five quick tips to remember:

1. Payday loans are named as such because they are essential an advance on your paycheck, or a loan of a comparable amount. The difference is that your employer does not give you this advance; rather, an approved short term loans lender will provide you with the money as needed. You will be required, though, to pay this loan back with interest. In the State of Illinois, you are allowed payday loans for a maximum of 45 consecutive days.

2. The State of Illinois also allows you to take out payd