cash advance

(redirected from Payday loan)
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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.cash advance - an amount paid before it is earnedcash advance - an amount paid before it is earned  
amount, amount of money, sum, sum of money - a quantity of money; "he borrowed a large sum"; "the amount he had in cash was insufficient"
References in periodicals archive ?
Profitable Independent Check Cashing & Payday loan business.
It is thought that the nature of the payday loan market creates a vicious cycle where borrowers' financial limitations make it incredibly difficult to repay the loans on time, at which point they are slammed by outlandishly high APRs.
People who patronize the payday loan market are non-savers who spend what they earn.
According to research at the Pew Charitable Trusts, Ohio has the highest payday loan prices in the nation, despite the votes of the General Assembly and almost two-thirds of Ohioans to cap payday loan rates.
13) Part V discusses how regulators can incentivize traditional banks to enter the payday loan marketplace, whether through modifications to the Proposal or other mechanisms.
A TOP Liverpool solicitor has called for payday loan adverts to be banned from daytime TV to protect vulnerable youngsters.
We see a huge demand from people, who earn between Rs 10,000-Rs 20,000, but we haven't got into that market yet," said Sama, who added that payday loan operators currently cater to tier-1 cities and haven't expanded to tier-2 and tier-3.
The research in England and Wales found that fewer problems had been reported since a cap on payday loan interest rates was introduced in January 2015.
The typical payday loan is $300 for two weeks at an annualized interest rate of more than 350 percent.
CHRISTMAS can cost 72% more on a payday loan says an advice service which has helped more than 1,000 people struggling with debt in Kirklees since April.
Payday loan interest rates are as high as 25% per 2- to 4-week loans and individuals use a post-dated check to secure the loan.