Simple isn't it? You need short term cash to solve a short term problem - therefore don't you just need cash for a couple of weeks or even a few days?

This is what payday loans offer you - the name gives it away really doesn't it? Apply for a loan - hopefully be approved - pay it back on payday.

If you believe the hype in the media about payday loans then you will probably believe that you should be instantly approved whatever your credit rating and whatever age you are or income you have. This isn't true and it's worth remembering that payday loan lenders ensure that they feel you are a suitable customer to lend to. Ultimately they want their money back with some interest as profit - if they feel you won't pay it back they won't lend you the loan.

The process is quick, the decisions are quick but you may not be approved. Therefore you may need to consider other options - don't always assume that payday loans are the answer to everything as they're not.

Other alternatives in the market are instalment loans, unsecured loans, home loans and guarantor loans so it's worth looking at all options even before you apply for a payday cash advance.