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

User Mahshid
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1 Answer

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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.
User Minisha
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