
A payday loan is a low value loan
taken out over a short period of time. You need to repay the loan within a
month; usually on your next payday. They are also known as cash advances and
pay cheque advances.
As living,
medical and event expenses are increasing constantly each year, you have to
work extra hard to keep up and to be able to cope if any emergency occurs that
requires immediate cash.
These small cash loans could be the
better option for students as opposed to large student loans as traditional
large loans lead to long term debt which can take years to repay at high
interest rates after graduation. When students opt for...