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Payday Lenders Offer Simple Methods For Borrowing Short Term Cash By: Leo Kingston | Feb 19th 2012 - Payday loans got their name from the day you repay them, and also from the security you provide your lender. Your loan documents give payday lenders the ability to deposit money and debit money from your bank account as agreed in your loan documents. Tags:payday loans, cash loans, no credit check, cash advance, quick loans, bank, finance, online loans, no fax loans