If you are not familiar with a payday loan, it's time you should be. A payday loan is a form of short-term loan wherein you make use of your next paycheck as your collateral. Payday loan terms are usually 2 weeks or 30 days (in accordance with the usual schedule for salary payouts), depending on the agreement between you and the lender. Also, traditionally, the amount of money you can receive from a payday loan can be anywhere between $100 and $300. Nowadays, there are a lot of online lending companies who offer interested individuals various promotions.
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