Just how do payday advances work?
It doesnвЂ™t matter if you have bad credit or https://yourinstallmentloans.com/installment-loans-ky/ no credit, because the lender has the authority to take its payment from your bank account when you get your next paycheck when you apply for a payday loan. ThatвЂ™s exactly how payday loan providers minimize their danger.
Just how can they are doing this? You give the lender a postdated check that it can deposit on your next payday when youвЂ™re approved for a payday loan.