Payday Advances: Know Your Rights
What exactly is a “cash advance?”
A loan that is payday a short-term, high-cost deal where a client borrows cash for a site cost. The client writes a check that is personal the lending company for the quantity lent in addition to the service charge. The financial institution provides the consumer the loaned quantity and holds the customer’s check (usually until the customer’s next payday) before presenting the check into the customer’s bank for re payment.