Along comes a financial emergency, a bill that must be paid or you just have to have 'something' and it is on sale so you 'gotta' buy tomorrow.

The trouble is, you don't get paid until next week!

"Oh Man!"

Have you thought about a payday loan or a cash advance?

Do you realize that you could have $300 - $500 in your pocket? Then after you have taken out a few loans and paid them back as agreed then they will increase the amount that you are able to borrow each time. With the majority of lenders this amount can go up to $1500.

The amount of your particular loan depends on some things -

* How much you make each month.

* Your bank account activity. If you don't have a bank account they won't give you a loan.

* Do you have any outstanding payday loans? If so most lenders won't give you a new one.

That's about it! Oh ya, you need to be over 18 too.

These are not loans designed to help you buy real estate, or make major purchase of luxory items.

And they are, to be honest, somewhat expense to use. Especially if you use them often.

In fact you really need to take a look at the fees, and a $500 payday loan is going to be $100 - $150, and compare that to the cost of not having the money.

By the way the $100 - $150 is the cost of the loan provided you pay it back on time, and that is generally 4 - 17 days, if you don't pay it back on time an interest rate of at least 15 percent begins being charged to you. So that initial cost of $100 - $150 could end up being $2, $3 or $400 before you know it.

Is the problem a couple of $15 NSF fees, or is your electricity going to be turned off?

The truth is though, they were designed to help solve emergiency finacial situtations, or anytime you're just plain short on cash and your paycheck doesn't arrive until next week, and for that they do a great job