Frequently Asked Questions What is a payday loan?
Payday loans are a fast and convenient way to obtain a short term personal loan. Most cash advances are $1500.00 or less. It is an alternative to expensive non-sufficient fund (NSF) fees and or penalties for late a payment that could blemish your credit report. You should evaluate the costs and benefits of all alternatives before borrowing. There are other forms of short-term loans that can be less expensive than a payday loan. Examples of these would be a loan from another institution or from family or friends, a credit card payday loan, or if you have a bank account with overdraft protection.