Pay Day Loan, Cash Advance Loans, Pay Day Loans, Short Term Loan, No Credit, Advance Cash till Pay Day

A payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.

Some jurisdictions impose strict usury limits, limiting the APR that any lender, including payday lenders, can charge; some outlaw payday lending entirely; and some have very few restrictions on payday lenders. Due to the extremely short-term nature of payday loans, the difference between APR and effective annual rate (EAR) can be substantial, because EAR takes compounding into account. For a $15 charge on a $100 2-week payday loan, the APR is 26 × 15% = 390% but the EAR is 1.1526 - 1 × 100% = 3686%. Careful reporting of whether EAR or APR is quoted is necessary to make meaningful comparisons.

Top Ten Cash Loan Companies - Best Payday Loan Providers - 2008 / 2009
1. Cash Central
2. Mypaydayloan.com
3. Cash-in-1-Hour
4. iPaydayLendings
5. Cash Advance Network
6. We Give Cash
7. PaycheckToday
8. NationalPayday
9. Guardian Payday
10. 1 Hour Cash Advance

Be careful of cash advance and pay day loans in terms of the interest rates.  Always check all the paperwork and agreements before you sign.  Check the reputation of the lender.  There are a lot of bad operators in this business so always make sure that your pay day loan is authorized, fair and properly documented.

Top Ten Important Considerations Before Obtaining a Pay Day Loan Cash Advance

1) Do you really need a Payday Loan?
2) What is the length of time you need a cash advance for?
3) How much money do you need to borrow?
4) Do you meet the criteria for a payday loan?
5) Are your wages paid directly into your bank account?
6) Can you afford to pay a payday loan back?
7) Are you aware of the different processes involved in applying for a payday loan?
8) Are you aware of the cost of a payday loan?
9) Are you in a position where your credit and debts are getting uncontrollable?
10) Is a payday loan your best option?