All about Payday Loans What is a Payday Loan? Required Documentation Payday loan seekers Selecting a Loan Lender Are there disadvantages? Payday Loan procedures Impacts on your life How big of a loan? Tips for Payday Loans Who is qualified? Repaying Your Loan		what is a payday loan?   A payday loan is a short term personal loan that is available at any time. However, the most important aspect of the payday loan is that it comes when you most need it – between paydays.   Most payday loans are also widely known as cash advances. You can get advanced cash on a certain percentage of your paycheck by going to an establishment that offers payday loans. This loan is available to anyone including people with no credit or bad credit who might not otherwise be eligible for a loan.   These loans can be fast, easy, and confidential options to your short-term needs for an increased cash flow. No one but you ever needs to know that you have taken out this loan. However, it may go on your credit report permanently, which if you do not pay the loan on time may cause problems for you.   Before choosing to take out a payday loan, you will want to consider if you are really going to be saving money by going this route. If late fees or other charges you may be trying to avoid are less expensive than service fees on the loan, then a payday loan may not be for you.