The term “cash advance” is often used instead of “payday loan” to reference an advance loan on your paycheck. Cash advances are structured the same way that payday loans are, in which the most that you can take out varies largely on your paycheck. Additionally, cash advances are meant to be paid off by your next payday. In some instance, “cash advance” is the term used for lines of credit or credit cards. This type of advance is based on the credit limit of your credit card.