Which type of loan is also known as a cash advance loan or a deferred deposit loan?

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asked Apr 19, 2021 98.8k views

1 Answer

Minisha · Answer 1 · 2021-04-25T06:26:16+0000

A payday loan

Step-by-step explanation:

A payday loan is a short-term loan, generally for $500 or less, that is typically due on your next payday.

They are also known as cash advance loans, post-dated check loans, check advance loans or deferred deposit loans.

Which type of loan is also known as a cash advance loan or a deferred deposit loan?

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