Getting payday loans is one of the simplest and most reliable ways to get cash between paychecks. The requirements for these loans is pretty minimal, and all you really need to have is a steady job and a checking account to apply. If you're worried about your credit score getting in the way, relax, they don't check credit scores either. All they care about is your ability to afford paying the loan back!

To get a payday loan the same day you're going to have to be able to verify a few things. The most obvious is your employment status. These are called 'payday loans' for reason! They look at how long you've been at your job, how much you make every month, if you use direct deposit, and how often you're paid. These things all add up to calculate how much they're going to lend you. The funds are normally deposited and withdrawn from your bank account automatically, so you don't have to do anything other than make sure that there's enough in there to pay the loan back! The automatic withdrawal make sure that the lender gets paid back, and is able to continue lending money to people that wouldn't otherwise be able to borrow.

It's not cheap to get fast cash this way! Payday loans are extremely risky on the lender's part because lots of people simply don't pay them back. They then have to use more resources to track these people down, or lose money by selling the loan to a collection agency. All of these extra expenses are rolled into everyone's loans so that they lender continually has enough money to be able to give out more high risk loans. This is an unfortunate reason to have to pay so much for your loan, but it's a fact that you'll have to accept when using payday loans. Also, don't use it as a reason to skip out on your loan, they will come and find you or garnish your wages!

Using payday loans comes with great responsibility. It's almost too easy to get into trouble with these loans, and one small mistake can lead to a large amount of debt, penalties, and fees. Sequential payday loans is another way to get into trouble. The second you start to rely on these as a source of income, you have a major problem on your hands. It's not sustainable, and you won't be able to make it three or four paychecks before you end up crashing back down to earth in a ton of debt!