Payday loan is a much used word and most of the people are aware of the existence of these cash advances. If you are living in a large city, it is not difficult to find a local store offering these loans. With more and more people toady using Internet to get information, most of these lending institutes have started providing online services also. Certainly, entry of so many loan providers has resulted in stiff competition for lenders. Still, many people are not aware about what a payday loan exactly is. : http://ezinearticles.com/?Payday-Loans-An-Introduction&id=848851