Payday loans were invented as a quick loan process to get you money when you can’t make it to your next paycheck. People can obtain a few thousand dollars with less than perfect credit and are expected to make payments on their paydays.
If it sounds too good to be true, it usually is. Payday loans feature incredibly high interest rates and fees that gouge you if the money isn’t paid back almost immediately. They should be regarded as a very last resort, and there are often better options for easy financing.