Talking about interest rate, let’s discuss an interesting and much needed fact about quick cash loans. These loans are attached with heavy interest rates, reaching up to 400% for some payday lenders.

And unlike a bank loan, whose monthly installments can go on for a lifetime, in a paycheck loan you can be done with the entire loan within one month period

You can always verify if the company is genuine or not by asking around or simply checking their accreditation. You can also always check your local business bureau to make sure that the company is listed or not.