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How to Find a Payday Loan Store

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By eHow Contributing Writer
(1 Ratings)

A payday loan is the same as a cash advance. It's normally a small amount loan with a short-term maturity date. Normally, you must repay the loan on your next payday. If you're wondering how to find a payday loan store, the following pointers should help you.

From Quick Guide: Advance Loan Tutorial
Difficulty: Easy
Instructions
  1. Step 1

    Expect to find payday loan stores inside convenience stores. Look for a neon sign advertising payday loans or cash advances.

  2. Step 2

    Look for a payday loan store in low-income and middle-class neighborhoods. Payday lenders target families who are struggling financially, since they represent the majority of their business base.

  3. Step 3

    Find hundreds of companies online that offer payday loans. Most of them have physical locations as well. Applying for an online payday loan gives you the opportunity to apply in the privacy and comfort of your own home.

  4. Step 4

    Search in strip malls for a payday loan store. You'll notice signs advertising cash advances or payday loans. Check at pawnshops or check cashing stores, as they often offer payday loans as well.

Tips & Warnings
  • Make sure you understand the terms of the agreement before signing it. It should state the full loan amount, loan fee and the annual percentage rate (APR).
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