Payday loans are meant to be used for emergency purposes that occur between the times when your paychecks arrive. These emergencies can include such things as unforeseen medical bills or for avoiding late fees on other payments or overdraft fees in your checking account. However, these loans should only be considered after all of your other options, such as asking to borrow money from your friends or family, have already been exhausted. : http://ezinearticles.com/?Unknown-Dangers-Of-Payday-Loans&id=818548