An emergency is something that comes without any notification. With the current economy it is virtually impossible to have a salary that can last up-to the next pay day. There are often some urgent situations which require immediate cash, so payday loans become right decision.
This can be stressful if you have not saved any money in your bank account. There is no need to worry anymore since a payday loan would be all that is required to cover the needs.
Most often, payday loans are short-term online loans for a modest amount of money. If you can’t repay your payday loan when it comes due, you can sometimes ensure the loan is extended, so you don’t have to fully repay it, but fees keep on accumulating.
Applying for payday loans online is also risky. You never know who you're handing your information to, and some websites have no intention of lending you the money. They might be gathering information to sell to other lenders (which means you'll be flooded with calls and offers - which might not be as great as it sounds), or they might be looking for personal information that can be used for identity theft.