The company gives to the borrower quantity of check a minus a payment. The payments raised for the loans to a pay, usually are percent of a face-value of check, or the payment collected for borrowed quantity - speak, for everyone 50$ or lent 100$. And, if you are stretched or "simultaneous pressing of keys" which the loan - speaks within even two weeks - that you will pay payments for each expansion. Under Truth in law Granting cost of loans to a pay - as other types of the credit - should be opened. Among other information you should receive, in writing, charge in the finance (the sum of dollars) and the annual interest rate or APRIL (credit cost annually). The loan of cash advance payment provided with the personal check - such as the loan to a pay - is very expensive credit. We will tell, you write the personal check on 115$ to borrow 100$ for 14 days. Check casher or the creditor of day of payment agree to hold check about your next day payment. Then, depending on the special plan, the creditor deposits the check, you expiate check, paying 115$ in cash, or you simultaneous pressing of keys check, bringing a payment to expand the loan within even two weeks. In this example cost of the initial loan - charge in the finance for 15$ and 391 percent APRIL.