A payday loan provides immediate financial reprieve during dire situations, such as unemployment, accidents, and others.
Banks do not provide payday loans. Only licensed moneylenders can provide you with payday loans.
The Consumer Financial Protection Bureau, Registry of Moneylenders, and Ministry of Law oversee and ensure that all payday loan providers have fair terms and conditions for borrowers.
You can easily repay payday lenders by the loan term's end because your principal is equal to your income.
You can quickly borrow payday loans than mortgages, personal loans, and revolving credit.