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Most payroll advances involve relatively small dollar amounts. According to the Consumer Financial Protection Bureau, the maximum loan is usually no more than about $500. Although most come due on your next payday, some can be paid back in monthly installments. Regardless of when the loan is due, lenders usually require that you either write a post-dated check for the full amount due or provide your bank account information and authorize an electronic debit payment on the due date.
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Category: Payday loans