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Viewed: [321] | Comments: [0] | 3-02-2010, 21:57
A Payday loan is often referred to as a 24 hour loan, a fast loan or easy loan. Essentially it is an easy to get small loan that is lent on a short term, often 30 day, repayment scheme. It is often used to cover unexpected bills or for example an unexpected emergency such as a car repair. It is called a 'Payday' loan as the lender generally is expected to repay the loan when they're paid.
The loans are easy to qualify for, though generally proof of employment/payslips are needed.
The loans are easy to qualify for, though generally proof of employment/payslips are needed.