You've no doubt seen the ads on the radio, television, and yes, even the internet. They refer to payday loans - a quick, easy solution to unexpected cash shortages. Customers choose payday advances to cover small, unexpected expenses while avoiding costly bounced-check fees and late payment penalties.

So, just what is A Canada Payday Loan? A payday loan, paycheck advance or cash advance is a small, short-term loan (typically up to $1,500) without a credit check that attempts to bridge the borrower's cash flow gap between pay checks.

Generally speaking, The loan is given in cash and secured by a post-dated check that includes the original loan principal and whatever interest may accrue. The 'maturity' date usually coincides with the borrower's next pay day. On the maturity date the lender processes the check by traditional means or often through electronic withdrawal from the borrower's checking account.

Canadian Payday lenders typically operate small stores or franchises, but recently there has been a number of online 'Virtual' payday loan stores popping up. These make it easier than ever to obtain cash in times of need.

This site contains useful articles on payday loans and links to some of the most popular Payday loan companies in Canada. All links from our site lead to quality, on topic sites filled with how to Instantly obtain the cash you need.

Once you're approved for your cash advance, money can easily be electronically deposited directly into your checking or savings account. With flexible payment options and discrete service, you can get the cash you need right now. It's that easy, so why wait?

More Payday Loan articles >>