Payday Loan

A Payday loan is a short term loan, usually over a period of one to two weeks. They are set up to be repaid with your next paycheck, thus the name. The main goal for taking one of these loans out is to help you out with unexpected emergencies until you can get money from your next check. Sometimes these loans are called 'cash advances', or 'check loans', or 'payday advance', but they're all the same thing. If you can't repay it on the date you agreed on, then you do have a rollover option. But there are fees attached to this option that can get pretty steep. It costs you not to pay on time.

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"Money is like a sixth sense - and you can't make use of the other five without it"

- William Somerset Maugham

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Business Loans from Family and Friends: How to Ask, Make It Legal and Make It Work

Business Loans From Family & Friends opens a window on an area of lending that accounts for more than 50% of all start-up business investment dollars, and, additionally, is a great resource for those who have identified their lending friends or family, but want to know how to structure the deal so that everyone understands it and no one gets hurt.

Payday Loan

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