What is a Payday Loan?

What are payday loans, cash advances, payroll check advances or deferred deposit loans?

There are many other names for payday loans – cash advances, payroll advances, deferred deposit loans, payday advances and paycheck advances just to name a few.

Payday loans are short term loans that are usually due the next time that you get paid. A lender charges a fee, in exchange for loaning you money until your next payday. Most storefront locations require you to provide them with a physical check as security for the payday loan. Online payday loan companies simply take an ACH (Automated Clearing House) authorization to secure the loan, the same process your employer uses to directly deposit your paycheck each month. In addition, online lenders save you the time and hassle of having to drive to a location and then wait in long lines when they are busy.

Allowed Uses for Payday Loans

You can use your quick and easy payday loan for, well, anything you wish! We don’t need to know why you need it. The lenders don’t need to know why you need it. PaydayLoansOnline.com believes that if you need it and if you meet some of the easiest qualifications in the industry, you should have it. Period.

You can use your payday loan for

— Car repairs.
— New furniture.
— Surprise gifts.
— Vacation expenses.
— A high-class, romantic dinner.
— Concert tickets.
— Extra groceries.
— Gaming systems or games.
— A new computer, laptop or tablet.
— A new smartphone.
— The new television for the living room.
— Padding that emergency fund that always gets depleted too quickly.
— Any reason whatsoever, including “just because.”

Payday cash advance loans are quick, easy and confidential. The loan agreement is between you and the lender and no one else is notified. Once your information has been checked and verified the amount of money you requested would be electronically deposited into your checking or savings account for your use.

Active Bank Account
Verifiable Income Source
At least 18 Years Old


1.What is a payday loan, cash advance, payday advance or cash check advance?

They are all different names for a short term loan of between $50 and $1500 that you pay back on your next payday.

2.How do payday loans, cash advances, payday advances or check cash advances work?

You fill out a simple application, get approved, sign some forms, and see the money deposited into your checking account. On your next payday, your account is debited for the amount you owe.

3.What do I need to apply for a payday loan?

You need to be employed and have an active checking account.

4.Does it matter if I have bad credit or no credit?

It does not matter if you have bad credit or no credit at all. Payday loans are designed to help people in need of emergency credit, so lenders understand that you may have had credit troubles in the past.

5.Do you check the major credit bureaus during the application process?

No, the 3 major, traditional credit bureaus are not used in the application process.

6.What if I have filed bankruptcy in the past?

You may still qualify if you have filed bankruptcy in the past, although the bankruptcy usually must be discharged.

7.Is any collateral required to get a loan from PaydayLoans-123.com?

No, you simply authorized the lender to deposit and deduct funds from your checking account using the Automated Clearing House or ACH process. This is the same process most employers used to direct deposit your paycheck on your payday..

8.How long does it take to get my cash?

In some cases, you could get your cash as soon as the same day. Most of the time the cash is in your account by the next day if you apply during business hours.

9.Is my personal information safe?

Our website is secured by SSL encrypted technology so that you can rest assured your personal information is safe and secure. You are also protected by our Privacy Policy.