Pay Day Loan Basics

Pay Day Loan Basics Payday loans are short-term cash loans based on the borrower’s personal check held for future deposit or on electronic access to the borrower’s bank account. Borrowers write a personal check for the amount borrowed plus the finance charge and receive cash. What is the difference between a cash advance and a pay day[…]

Pay Day Loan: What are They?

Pay Day Loan: What Are They? A pay day loan (also called a pay day advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, “regardless of whether repayment of loans is linked to a borrower’s payday.”The loans are also sometimes referred to as “cash advances,” though that[…]

Hard Money Loan Background

Hard Money Loan Background History of Hard Money Loans Hard Money is a term that is used almost exclusively in the United States and Canada where these types of loans are most common. To illustrate the background that these loans have in commercial real estate, hard money developed as an alternative “last resort” for property[…]