Payday Loans

Payday Loans Guide is THE source for you to learn about short-term, small-amount loans, and how they are used in the United States, UK, and Canada.

The industry around payday advances has grown rapidly in recent years to meet families' short-term financial needs - these are not solutions for long-term money problems.

As a financial solution, cash advance is a viable alternative for many to bouncing checks and exorbitant late paying fees.

Thanks to the internet, many have found and taken these loans online, but you can also visit one of the many neighborhood payday advance stores around the US.

For example, the largest USA payday lender, Advance America, has over 2,400 locations for you to choose from.

If you choose to take a payday advance in person, in-store, you'll get the payment in person, with the entire loaning process often taking only about 10 - 15 minutes...and you could get the cash right away.

Online, meanwhile you often get the convenience of a direct deposit into your bank account, without the need to drive to a payday lender location.

Things to Consider with Payday Advances

You should always keep in mind that payday lending is meant to be a short-term financial solution, and NOT for the long term needs.

If you require larger amounts of cash and for longer term, there are other, often cheaper financial products available.

One thing to look for in a payday lender is that the costs are clear upfront, that you know how much you have to pay back and when.

The more reliable payday loan companies always have these costs clearly explained.

For guidelines on how reliable payday loan companies operate, you can look up the "best practices" information from the Community Financial Services Association of America (CFSA), the US payday lenders' national association.

One of the major things considering costs is the APR (Annual Percentage Rate).

APR is a measure that allows you to compare same loan amounts and repayment terms to each other between payday advance companies.

Payday Advances in USA, UK, Canada, and Australia

Payday advances are a rapidly growing industry around the world in addition to the Payday loan lenders in the United States, in countries such as...

  • United Kingdom,
  • Canada,
  • Australia (with companies such as Cash Today Payday Loan),
  • Finland,
  • Sweden,
  • Denmark,
  • Estonia,
  • Latvia,
  • Lithuania, and
  • Netherlands.

Of these, especially UK payday advance loans market is expanding very quickly...with 1.2 million people taking 4.1 million loans in 2009 (a four-fold increase from 2006).

According to the payday loan data in the UK, average size of a payday advance has been around £300, and the country has no capped rates on payday loans, unlike many jurisdictions elsewhere.

Payday Loans
Table of Contents

Payday Loan USA

Payday loan USA markets have been growing rapidly ever since traditional banks started to move away from small-dollar amount loans in the early 1990s.

Payday Loan Lenders

Find out about the payday loan lenders in the United States, biggest and most reliable companies in the industry, and locations for the outlets.

UK Payday Advance

A UK payday advance guide, including information on the major UK payday loan companies such as The Money Shop, Wonga, and Express Finance.

Cash Advance Canada

Cash advance Canada is available from a total of more than 1,400 retail locations, with Canadians taking around 2 million payday loans annually.

Payday Loan Help

Good references for payday loan help are the national payday lenders' associations, that are committed to responsible lending and can guide you to further resources.

Cash Today Payday Loan

Find out about Cash Today payday loan services in Australia, their application process and background of the company.

› Payday Loans

Cash advances should be used for short-term financial needs only, not as a long-term financial solution.

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