A payday loan is a 8-30 day loan meant to help you with financial needs between paydays for those times when you are cuaght short on cash. They can be convenient when essential payments such as utility bills, auto payments, or mortgages come occur due like utility bills, mortgage, and so forth. They can help you steer clear of a negative credit profile. But if they are not used wisely, will cause more damage to your finances than. Understanding how they operate can make the procedure less vulnerable to problems.