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Short Term Payday Loans offered by direct lenders who may be based out of a store or online, that are meant to be repaid on the borrower’s next consecutive pay date are called payday loans. As compared to traditional loans, payday loans come with a lot of advantages that make life easy for most. Firstly, one can get an Easy Payday Loan from a legitimate direct lender like PaydayLoanTeller, since the requirements that we ask for are very basic.