Some loan providers give tiny payday loans in return for a post-dated personal check.

Some loan providers give tiny payday loans in return for a post-dated personal check.

What exactly are pay day loans or check always loans?

They consent to hold these checks before the debtor’s next payday. Which explains the way the loans got their title. In addition it describes the more recent names “check always loan” and “check always advance.” They are definitely for between $100 and $500.

Some loan providers pretend they don’t loan cash. Some state they feature “deferred deposit services.” Others behave like they have been offering one thing. But the main point here is they offer money 1 day that isn’t due until some day that is future. Continue reading “Some loan providers give tiny payday loans in return for a post-dated personal check.”