A Payday is also called a paycheck advance or payday advance

A payday loans (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. A payday loans is a short-term loan to cover your spending needs. It is secured against your future paycheck. These loans have grown in popularity for years, and now this is the main tool of assistance to get you out of that sticky situation or get you that new luxury toy.