payday loans

Payday loans are short-term, high-interest loans typically due by your next paycheck. They are usually small amounts, meant to cover urgent expenses when cash is tight. You provide a post-dated check or electronic access to your bank account for the loan amount plus fees. Because of their high rates and fees, payday loans can become costly and difficult to repay, often leading to a cycle of debt. They are best used sparingly and with caution, as they are designed for emergency situations and can have financial risks if not managed carefully.