What is a payday loan? | Consumer Financial Protection Bureau
https://www.consumerfinance.gov/ask-cfpb/what-is-a-payday-loan-en-1567/
WEBJan 17, 2022 · While there is no set definition of a payday loan, it is usually a short-term, high cost loan, generally for $500 or less, that is typically due on your next payday. Depending on your state law, payday loans may be available through storefront payday lenders or online.
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