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Are you thinking about getting cash loans? A payday loan is a type of very controversial short-term cash loan for anywhere from $100 to usually no more than $500. Payday loans are sometimes called fast cash loans, instant cash loans, cash advance, and payday advance loans, among other things. Let's say you're running short on cash, but you won't get paid for another few days. You want to borrow $200, so you write a personal check for $230 to cover the loan plus the fee to borrow the money. The payday lender agrees to hold the check until your next payday. Come payday, you can pay off the check with cash, allow the payday lender to deposit it, or write another personal check to cover the amount of the original check plus a new loan fee.