Payday loans & Advance Check Cashing: Pros, Cons, and Options cash advance payday loans and check advance loans are both names for similar thing: a cash advance. While there are a few minor distinctions, they will have exactly the same aim of having you cash just before get your paycheck, that you then used to pay from the loan. The mortgage it self is really a short-term loan with high costs and interest. Due to their bad reputation and...