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Glossary

Terms you should know...

  • Payday Loan, Payday Loan in Chicago
    A payday loan gives you the ability to get the cash you need, when you need it, without having to wait for your next paycheck.

  • Cash Advance, Cash Advance in Chicago
    A cash advance payday loan allows you to use your job as collateral and get fast cash in minutes.
  • Faxless Payday Loan, Faxless Payday Loan in Chicago
    A no fax payday loan is the quick and hassle-free cash advance payday loan online application process that makes it easier for you to get the money you need...fast.
     
  • Extension, Extension in Chicago
    An extension occurs when you are unable to repay your payday advance loan on the designated payment date.
     
  • Credit Rating, Credit Rating in Chicago
    A credit rating tells a lender or investor the probability of the subject being able to pay back a loan.
     
  • Credit Check, Credit Check in Chicago
    A credit check is a process used by some lenders and investors for the purpose of analyzing your credit rating.
     
  • Lender, Lender in Chicago
    The person, or entity, providing you with your cash advance payday loan.
     
  • Loan, Loan in Chicago
    A loan entails the redistribution of financial assets over time, between the lender and the borrower.
     
  • Collateral, Collateral in Chicago
    Collateral means a security or guarantee pledged for the repayment of a loan.  For a cash advance payday loan in Chicago, your current employment is used as collateral.



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