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Instant cash advance fee. 4.1/5. 4.6/5. Brigit. $50-$250. Instantly for a fee; 2-3 days free of charge ... Possible Finance features a payday loan alternative that lets you borrow up to $500 and ...
A payday loan (also called a payday 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." [1] [2] [3] The loans are also sometimes referred to as "cash advances," though that term can also refer ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 24 December 2024. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...
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The Consumer Financial Protection Bureau says the average payday loan is $320, but the average interest for that loan is $520. Today, payday loans have been largely replaced by cash advance apps.
Before the passing of RCW 31.45, the payday loan industry in Washington was worth $1.3 billion per year operating out of 603 locations across Washington state. By 2014, those numbers had dropped to 173 locations generating $331 million.
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