Payday loans offer a quick and easy way to borrow money when an unexpected bill or emergency cost arises. Common reasons you may need money include to pay for medical bills, car repairs, utility payments or funeral costs.
Due to the interest and fees involved, payday loans are designed to be a short term loan to tide you over until you next receive your paycheck on your upcoming payday. It is intended that you will repay it back through automatic payments on dates that will be confirmed in your loan contract.
Payday loans should not be used for reckless spending such as shopping, drinking or gambling. Likewise, they should not be used to pay off any other loans as this could lead to a negative spiral of debt issues.