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What Exactly Are Payday Advances? Payday advances can be a fast way to protect crisis ex

What Exactly Are Payday Advances? Payday advances can be a fast way to protect crisis ex

Payday advances are a fast answer to protect crisis costs, nonetheless they do feature a borrowing cost that is high.

Payday advances, also often referred to as payday loans, are short-term loans that provide borrowers use of cash that is fast protect economic emergencies or any other costs. They’re small-dollar loans — typically around $500 — that are given through storefront and online loan providers. Their quick repayment terms combined with high-interest prices makes it hard for borrowers to pay for them down on time.