What Is the Purpose of a Payday Loan?
Why Are Payday Loans So Popular? Before we answer why you would need a payday loan, or how you can spend the borrowed money, let us tell you what these payday loans are and why they are so popular. Payday loans or payday advances are short-term loans that can be availed from store-based lenders as well as from online lenders. These are quick and easy ways of getting financed during cash crisis; often same day funding. This flexibility keeps them…