Getting payday loans may seem like a bad idea due to the bad rap they get online and from the media. However, many of the payday loan critics are not generally in NEED of a payday loan. Sure, it'd be nice if none of us ever got into financial trouble and needed a few extra bucks to get by. Unfortunately, the reality is it happens. Online payday loans allow you to get the cash you need for bills and other emergencies without having to go through a long lending process just to be declined due to bad credit. For instance, your car breaks down and rent is due on the same day. You can't get to work without your car and you need to pay your rent but you don't quite have enough to cover both until your next paycheck. This is the perfect scenario for an online payday loan. Many people complain about the interest rates and high fees of payday loans but these people often over look the cost of late fees, missed work, and other consequences of not making your payments on time. The simple truth is that cash payday loans are short-term loans designed to be repaid on your next payday. Therefore, interest rates should hardly play a factor in the cost. Payday loans are a necessary evil that have assisted millions of upstanding citizens in their time of need.