When does a payday loan typically mature?

A. One week after the day of the loan

B. One month from the day of the loan

C. After the borrower's next paycheck

D. When the borrower pays the loan off

Payday loans which are also called short term loans or sometimes referred to as cash advances. These types of loans are based upon the borrower’s employment payroll records. Since this is based upon the payroll records of the borrower that means that it will mature after the borrower’s next pay check. So the answer to the question is:

C. After the borrower’s next paycheck.