Payday Loan Due Date

One of the most important terms you need to know when reading a payday loan agreement is the "due date".   Your lender needs to disclose this to you clearly in the loan agreement (which may be referred to as a "TILA" or "Truth In Lending Agreement").  The payday loan due date is the date that your cash advance is due to be repaid to the lender.  In most payday loan agreements, the "due date" is set to be on your next paydate (usually between 4 and 31 days from the date you took the loan out).  Make sure you will be able to repay the loan amount on your next due date, or you can end up in further financial difficulty.