Then you’ve probably already thought to yourself, “what’s the catch?” if you’ve ever seen those ads on TV offering ‘quick and easy cash to get you through until payday’,.

Year lenders that offer these types of small amount loans are known as payday lenders and they allow people to borrow up to $2,000 in as little as an hour, to be paid back over a term of between 16 days and one.

If it seems too advisable installment loans online in Indiana that you be real, it is because taking right out short-term loans with payday loan providers does come with some catches which you need to learn about in advance.