Many people know very well what a quick payday loan is. Pay day loans, technically known as deferred presentment lending, include a loan provider making an advance re payment for a borrower’s post-dated check. The borrower provides this check typically dated as of the date of the borrower’s next paycheck in return for cash. Many solicitors and customer advocates warn against making use of loans that are payday associated with the extremely high-interest prices and charges charged by payday loan providers. [Read more…]