Some traditional top features of a pay day loan:
The loans are for a small amount, and many states set a limitation on pay day loan size. $500 is really a typical loan restriction although restrictions vary above and below this payday loans North Carolina quantity.
a loan that is payday often paid back in one re re payment in the borrowerвЂ™s next payday, or whenever earnings is gotten from another supply such as for instance a retirement or Social Security. The deadline is typically two to one month through the date the mortgage ended up being made.