Payday Loans
Date: Sun, 06/06/2010 - 08:29
What are these loans considered? A written contract or a promissory note in regards to the SOL?
Payday loans are short-term cash loans based on the borrower's p
Payday loans are short-term cash loans based on the borrower's personal check held for future deposit or on electronic access to the borrower's bank account. Borrowers write a personal check for the amount borrowed plus the finance charge and receive cash. In some cases, borrowers sign over electronic access to their bank accounts to receive and repay payday loans.
