$500 Payday Loan With Bad Credit From A direct lender вЂ“ get as much as $5000! Pay day loans are a kind of personal loan provided by direct loan providers with their clients for a period that is short. The tenure will end either on your own next pay date or 31 times through the loan agreement, whichever comes early. It depends from the agreement, however it is for at the most 31 times more often than not. The debtor has got to write a check and only the financial institution. He has to submit this check in the contract. The quantity into the check is equivalent to the total sanctioned payday day amount.