What some people may not realize is that fast payday loans can take two different forms. The first is the retail lending which requires the borrower to visit an actual store to be approved of and secure the cash loan that they need. Going to a retail store for payday loans requires the borrower to give a post dated check which is redeemed by the lender if the borrower doesn’t go to the store and pay their loan back in person. The alternate kind of fast payday loans is done through the internet. The typical process of this version of payday loans is the filling out of an online application form which requests personal information such as bank account and social security numbers. Naturally, there are pros and cons to both kinds of fast payday loans depending on the circumstances of the borrower.