A $500 Payday Loan can be done in several ways. A payday loan is a loan that is made to an individual before they are paid from their employer. A person goes online or into a store and requests a payday loan.
The store will need several pieces of information in order to process the loan. The most important items are a bank account and a job. You will write a post dated check to the loan company for the $500 that you want to borrow.
The company will hold the check for a specified amount of time. On the due date you go and pay the loan company the $500 plus a fee and they give you back your check. This type of loan is not intended to be a long-term loan.Read more »