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Full Definition of PAYDAY : a regular day on which wages are paid See payday defined for English-language learners See payday defined for kids ADVERTISEMENT Examples Direct payday lenders by phone
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A payday loan – which might also be called a “cash advance” or “check loan” – is a short-term loan, generally for $500 or less, that is typically due on Bad credit installment loan providers
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Payday loans, sometimes referred to as cash advance loans, have received quite a bit of bad press, but when used properly, a pay day loan can have a definite upside.
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