If you are in a debacle and need some quick cash. Then consider a payday loan. Basically, a payday loans is when a company allows you to take out a loan on your future paycheck. Basically, they give your paycheck with a promise that you are going to return the money when you get paid. Payday Loans are great for quick cash but also remember, you will pay interest on money that you wouldn’t necessarily need to when using a payday loan.