A payday loan, or a cash advance, is a short terms loan (usually two to four weeks) that you can get in order to pay an additional bill, or to cover unexpected medical expenses, or to repair your car, or to pay for your child’s vacations abroad. As for the amount you can borrow, it varies from one payday cash loans lender to another, but usually it doe not exceed your paycheck. In general, most companies will offer you the amount between one hundred and one thousand and five hundred dollars. When you get your salary, you return the borrowed amount and a nominal fee. Remember, some companies operate with fixed charges while in the others you will have to pay an interest. Usually lenders are rather flexible concerning the repayment period, so if you need a few extra days in order to repay the loan, just contact your lending company and let them know.