As you know, payday loans have advantages and disadvantages. It all depends how much you need them, and what is the situation. Most of the time the advantages overshadow the disadvantages.
So which party do you side with? That depends on your immediate situation. If you really just have to have it, and you don’t have any other choice, then a payday loan is probably the wise thing to do. At least you’ll be able to keep your sanity, even if it does cost you a few dollars.
[caption id="attachment_57" align="alignleft" width="225" caption="Payday loans fill a need!"]
When you find yourself in that situation, use it as an opportunity to learn. Remember, there are no mistakes – just lessons. If you have to get a payday loan, make sure you don’t roll it over too many times – that’s when it becomes a problem. And in the meantime, try to build up an emergency fund so you will be able to cover those unexpected costs. Become a good financial manager. Then you’ll have an alternative, and you won’t have to rely on a payday loan as ”your last resort”.
And finally, as it is being said: "payday loans are controversial - but they do fill a need".