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.

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Payday Loan Myths:

Payday loans have had their share of bad press. From 'Mafia' style interest rates to questionable collection procedures, it's no wonder so many people are skeptical. However, new federal legislation has solved many of these issues...Payday loan Myths >>

Responsible Borrowing:

In a perfect world, the need for quick cash would never arise in the first place. Unfortunately, surprise expenses always seem to be just around the corner. When the need for quick cash arises, make sure you do it the S.M.A.R.T. way...Responsible Borrowing >>