A payday loan, also known as a cash advance, is a short-term loan that is typically due on the borrower’s next payday.
Payday
In a payday loan, what is considered collateral? The most common form of collateral is a check from the borrower’s bank account. Other forms of collateral can include a title to a vehicle or other valuable personal property. In this blog post, we will learn all about payday loans and collaterals. Read more here https://moneyexpert-ks.com/payday-loan-what-is-considered-collateral/
