Weigh all of the pros and cons of cash advances carefully before applying for a payday loan. Think of them as a means of borrowing money from yourself. You’re borrowing against your very next pay day – can you afford it? If not, don’t commit to a loan that will leave you in a worse financial state than you’re currently in. If you can afford to borrow against your next cheque, maybe that ad really was a sign and you’ve found a realistic way to get fast cash to solve your temporary shortage or cover those unexpected expenses.

Can you afford the interest payment? – Payday loans are known for having relatively high interest rates when compared with other personal lending options.