A payday loan is a high-cost, short-term loan meant to be repaid with your next paycheck. Payday loans can be risky, and you may find cheaper alternatives. See more

A payday lender will confirm your income and checking account information and deliver cash then and there at a store or, if the transaction is done online, as early as the same d… See more

The amount you can borrow varies according to your state’s laws and your finances, but a payday loan is typically $500 or less. This doesn’t mean you’ll be approved f… See more

The cost of a loan from a payday lender is typically $10 to $30 for every $100 borrowed, according to the Consumer Financial Protection Bureau. If a payday lender char… See more

Paying back a payday loan doesn't usually build credit. Most payday lenders don’t report on-time payments to credit bureaus, so the loan can't help your credit score. If you don’t p… See more