Is A Payday Advance Appropriate For You?

See If Using This Service Fits Your Financial Needs

The payday advance service is a cost-efficient “financial taxi” to get from one payday to another when a consumer is faced with a small, short-term cash need. Just as a taxi is a convenient and valuable service for short distance transportation, a payday advance is a convenient and reasonably-priced service that should be used to meet small-dollar, short-term needs. A taxi service, however, is not economical for long-distance travel, and a payday advance is inappropriate when used as a long-term credit solution for ongoing budget management.

A payday advance should be used responsibly and for only the purpose for which it is intended: To solve temporary cash-flow problems by bridging the gap between paydays. A payday advance is designed to provide short-term financial assistance. It is not meant to be a long-term solution. Some states have no-cost extended payment plans for customers that are unable to repay an advance. In all other states, CFSA member companies provide an Extended Payment Plan for customers who are unable to repay an advance when due, at no additional cost to the borrower. If you find that it is difficult to fulfill your financial obligations, or if you repeatedly fall short between paydays, we encourage you to visit a reputable, nonprofit credit counselor.

The National Foundation for Credit Counseling is a national network of nonprofit financial care centers dedicated to helping people learn how to budget better and use credit wisely. One toll-free call to 800.388.2227 will connect you to the center nearest you, or you can find more information at

Connecting With Our Communities

Managing household finances can be a daunting task. However, by using solid budgeting and savings techniques, you can accomplish major financial goals. In the Customer Resource Center, CFSA offers a variety of payday advance resources that support and encourage responsible lending practices, and highlight the vital role of our members’ stores in neighborhoods near you.

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Here you will find an aggregate of industry research, comprehensive data, and benchmarking tools from the short-term lending industry. They cover all payday advance business areas – consumer demographics, media hits, the latest policy initiatives, among others. Click here to access to the partner's resource library.

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For Our Policymakers

CFSA works at the federal, state, and local levels educate legislators and regulators about the role of payday advances in the broader financial services arena. This section provides resources for policymakers who believe in access to credit, want to preserve financial options and ensure balanced, substantive consumer protections. Click here to enter the Policymaker Resource Library.