Payday loans are short-term cash loans that are designed to help people to cover expenses that need to be paid before their next paycheck. Payday loans typically involve high interest rates. Payday loans can provide a short-term, high interest form of borrowing that is suitable for small amounts. Payday loans can be used in an emergency since they provide quick and easy access to money, but the charges are usually high. These types of loans are most often used to borrow small amounts for a short time, in order to pay expenses that need to be covered before the next paycheck arrives. They are often used by people who are unable to access other forms of borrowing.