What's a Payday Loan?

Are you wondering what Payday loans are? Well, basically, they are mini loans that can tide you over any unexpected expense you may come across before your pay day. Sure, many of us live paycheck to paycheck and sometimes you just don't have the funds on reserve to cover an emergency expense. Pay day loans can range from $100 to $1,500 which can be electronically deposited into your account and on the promised date, the repayment can be deducted automatically also. It's a convenient way to transfer needed funds.