I admit, Junior and I have used payday loans. Sometimes there are just no other options. The key to using these types of loans is to pay them off the first chance you get. I speak from experience when I tell that it's easy to get caught in a cycle of renewing the loans, and end up paying high interest rates.
That being said, payday loans are very easy to get. You can get faxless payday loans online pretty easily. You can apply for up to $1500, and you can be approved the same day. All you need to do is answer some simple questions, and email them a few documents. This type of loan is confidential, and is perfect for those unexpected expenses that always seem to pop up when you are out of cash. Junior and I have been bad about using these loans to buy Christmas gifts for the kids. We take out a loan in the Middle of December, and then pay it off when we get our taxes back. Sure, we have to renew the loan a couple of times, but at least the kids have a good Christmas.
If you find yourself short on cash, Payday Loans can be a lifesaver. Just please remember that the interest rate is high, so only borrow what you know you can pay back immediately.
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