Have you ever been burdened with an unexpected expense, like a big car repair bill? How have you handled it? Do you use your credit card and pay for it, including interest, over a period of time? But perhaps you don’t have a credit card. Or maybe you’re one of the millions of people who carry too much debt, and have already “maxed out” your credit card. Do you have friends to borrow from? Most of us don’t like to do that – and most friends don’t like that, either. So what do you do? Well, you could get a payday loan.

Payday loans are short-term cash loans directly deposited into your checking account. The length and duration of the loan is, in certain states, limited by law, but generally lasts until your next pay day or 18 days. At that time, the loan is paid back via an authorized electronic withdrawal from your checking account.

People from all walks of life generally use their payday loan for emergency expenses, including doctor bills, utility payments, rent payments, or to avoid bouncing a check (or checks) at their financial institution. While a payday loan does have a loan fee, they are usually less than a credit card late fee or the non-sufficient funds penalties various banks charge.

Note: Applying for an online loan can be tricky. There are literally millions of sites to choose from, but only a handful of them are truly licensed lenders. Most of the sites you'll find ask for your information and pass it along to legitimate lenders.

Most importantly, that Cash Central got the license to do business.