While Payday Loans are a great way to get past a short term emergency, they are not a long term money solution.
How Payday Loans work
PayDay Loans are exactly what they sound like.
Its a super short term loan that you pay back on your next payday.
By definition this means 2 week loan.
They approve you based upon only your job and pay rate.
You get the loan and they charge you a fee or interest rate.
These are emergency loans when you need a relatively small amount of money for a short timefarme.
