A cash advance payday loan is defined by its name. It is a loan which is meant to be held only until the borrower's next payday. This is not the type of loan is not meant to be used to purchase items such as houses or vehicles. These loans are meant for people who have unexpected financial responsibilities and do not have the money until their next paycheck comes.
Molly did not realize that she was behind with her gas bill and she let it go past due. She received a shut off notice in the mail and her paycheck was still five days away. Molly had seen the commercials on television and on the radio for cash advance payday loans and she thought it may be her only hope. Molly was worried. She thought that it was too good to be true so she began doing her research.
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