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Installment Loans Online Are a U.S. Citizen Do you just need a small advance against your pay to tide you over? The amount which you can borrow with instant payday loans is on your monthly income. The repayment is then

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Loan Aggregators Going through every cost involved in the loan deal Payday loans are popular with people who don't qualify for conventional bank loans. Payday lenders usually don't do credit checks on borrowers, but borrowers do need to have a job and a checking account. Payday lenders approve loan amounts for customers based on their income. Borrowers are required to write postdated checks for the amount of their loans. The lenders hold the checks until a borrower's next payday, which is usually two weeks. The loan is paid back at that time when the lender cashes the borrower's postdated check. Customers may pay a fee of $15 or more for every $100 they borrow, according to the Associated Press.