Bad Credit - having a bad history of being able to pay back loans
Cash Advance - A short term cash advance that can also be a payday loan
Cash Loans - A small loan to cover short term expenses
Cheque - A payment method
Credit Checks - an internal check that is performed by the lender to make sure you are able to pay back your loan.
Credit Card - a card that allows withdrawing more cash than you actually have in your account at the time of purchase.
Debit Card - a card that is directly connected with your bank account and does not allow withdrawing more than available in your account.
Default - Being unable to pay back your loan
Direct Deposit - The method in which your salary is deposited into your bank account.
No Fax Payday Loan - a payday loan that is signed online and does not require faxing of your bank details
No Credit Check Payday Loan - A payday loan which does not require the lender to perform a credit check on your credit history
Payday Loans - Short term loans designed to help you get through to the end of the month until your payday
Pay Day Loans - a synonym for Payday Loans
Payday Advance - same as above
Same Day Cash Loans - another synonym for payday loans
Short term loans - a loan which needs to be paid back in a short period of time. From 1 - 12 months.
Secured loans - money which can be borrowed with your house/car as a collateral
Unsecured loans - loans which do not need a collateral. Usually carry higher APR%
Wire - an electronic transfer of cash into your bank account
