We all know the saying, "Stuff happens!" right? Although some of us may know it with a more colorful expletive. The truth is, the most consistent thing about life is that it is always inconsistent.

Things are always changing or evolving or creeping up on us. When it involves money, it can be quite stressful. Payday loans are easy and fast to get and you will have peace of mind.

When should I apply for a payday loan?

There are many things that could happen to force you to get a loan. When you find yourself in one of these dilemmas, and you don't have the emergency stash you need to pay it off, locate a good lender and start the application process.

- Automobile accident or repairs

- Unexpected traveling such as for family emergencies or funerals

- When your checking account has insufficient funds

- Doctor/Emergency room visits

- Death in the family

- You get sick or injured and have to miss some work

You may even be using your cash from other bills or your groceries to cover these types of things and you are still short. When you have the money when you need it, you are able to save yourself money from late fees or bounced check fees. And that is good news for your credit score!

Let's examine both sides of the coin. These types of loans are very common and popular because of how easy they are to qualify for. The process is very fast as well so that is appealing.

There isn't much of a credit check involved so you can relax if you have bad credit. Comparatively, traditional loans have extensive paperwork to fill out and strict qualifications.

There are even faxless cash loans on the internet. Make sure that the lender you use is in your country, as the laws vary.

Just because they are popular to get does not mean that you should use them irresponsibly. On a long term basis, they have huge interest rates that add up quick. Payday loans are meant to be short term only.

Most cities have payday cash lenders. They usually have a storefront or franchise and you can find one online. Compare your rates before applying. Each company is different, so get a good deal.

You may have processing fess or flat finance charges. Make sure you are aware of all the fees and interest rates before you sign your contract.

Typically, lenders will want you to repay the loan on your next payday but some may offer other repayment options that you can take advantage of. These are short term loans, remember, so don't borrow more than you need.

Ask if they have customer service available around the clock, or what their hours are. This way, if you have an issue or question, you can get help soon.