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When you go to a cash advance service looking to get money up front before your paycheck, this is known as a Pay Day Loan.  It’s the biggest borderline evil scam you’ll ever get into, so it’s best never to go there.  Let’s say you have twelve days left until you  get paid.  You are broke.  You go into one of these shady lender places and ask for a loan, and they make you produce check stubs to prove how much money you will clear when you get paid.  So they loan you a percentage of your paycheck and charge you exorbitant interest rates, which you have to pay back immediately.  Let’s suppose you borrow $200.  They charge you about $48 in interest.  That’s a lot just to get your money a little early.

Here is an infographic that shows just how high those APRs can go in all the states of the US.  Believe me, they don’t cap off unless there is a cap.  You really should not resort to pay day loans unless there is abolutely no alternative, and even then, be prepared for a difficult experience.  To see these figures clearly, click on the graphic and view it full size.  You’ll be glad you gave it a second look.