We all hope that we don't end up in such a situation however it happens to most of us at some stage of our lives, a time where we simply need money very fast and just have to get some kind of cash advance or else things are going to go very badly.

There are a lot of opinions out there about the pros and cons of payday loans however I think it comes down to a simple decision, decide what will happen if you don't get the loan and weigh that up agains getting the advance and paying the interest. Make sure it is for a necessity and not a want or addiction. (e.g a better car or gambling)

Make sure you pay it off as soon as you can and don't get stuck in the vicious circle of borrowing to pay back and so on.

Payday loans... perhaps they have there place?