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What is a payday loan?

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What is a payday loan?

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A payday loan is designed to be used for short-term financial needs. The due date will be your next payday. It is not a solution for longer term financial problems for which longer term financing may be more appropriate. Payday advance fees are, however, lower than many of consumers’ alternatives.

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A payday loan is the temporary advance of money to help you meet your short-term financial needs. Typically, the loan is repaid on your next payday. With an approved loan obtained through the westshorecashloan.com website, funds are electronically deposited into your bank account; and payments are usually withdrawn from your bank account by electronic debit.

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A Payday Loan is a small loan repayable on your next pay day, up to 30 days away.

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A payday loan is a “cash advance” (short-term loan) that usually lasts the term of one’s payday (up to 14 days from the effective date). It is designated to bridge the time gap between an individual’s payday.

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A quick and simple way to obtain the cash you need until your next payday. In most cases, your bank or credit union will require a minimum loan amount (usually $5,000), a thorough credit check, as well as several days to process your application.

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