The smart Trick of 79 payday loan That No One is Discussing
The time period "payday" in payday loan refers to any time a borrower writes a postdated Look at into the lender to the payday salary, but receives Component of that payday sum in immediate money from the lender.[1] Nonetheless, in frequent parlance, the concept also applies regardless of whether repayment of loans is linked to a borrower's payday.