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Online payday loans work in a very similar way to standard payday loans. A payday loan (also called a payday advance) is a small, short-term unsecured loan, regardless of whether repayment of loans is linked to a borrowers payday. The loans are also sometimes referred to as “cash advances”, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Payday advance loans rely on the consumer having previous payroll and employment records. Legislation regarding payday loans varies widely between different countries and, within Canada, between different provinces. [link widoczny dla zalogowanych] Loans available now for any credit history But if you need the money, and your credit isn't good enough to get a cheaper loan from a regular bank, and you need more time to pay back than just till your next payday or there aren't any payday loans available in your state, an installment loan is the solution.

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