So, you're broke and you need cash fast, but all your friends and family are just as broke as you are? What? You don't have a good credit score, either, so the bank will not approve you for a loan? Well, I would say that really the only option you have is to get a payday loan.

Yeah, yeah, I know that payday loans have this big, bag reputation of being expensive and everything, but when you're in a bind, what else are you really going to do? Let your electricity get cut off until next Friday?

What about all the stuff in the freezer? It will melt and you will lose all that food and even more money because you will have to replace what was lost. Are you going to let your kids go without food until next Friday when you get paid again? I didn't think so.

Realistically, there are only so many options people without good credit scores have. These days, our credit scores are a measure of our worth as human beings in many cases and when it comes to being able to make it from paycheck to paycheck, sometimes we just do not have enough. Some families would have lost their vehicles or their homes a long time ago if it was not for the payday loan industry.

Unfortunately, there are a lot of people that abuse the service by getting a payday loan for something that they do not really need to have, like a new game console or a TV or something similarly unnecessary. Please use payday loans for their intended purpose, which is emergencies only.

Considering the interest that you will have to pay on the loan that you take out (and it will be much more than what the bank would charge you), it does not make good sense to take out a payday loan just to get a new game system or something like that.

If it is unnecessary, please do not use a payday loan for it. The industry is being ruined by people who get payday loans for frivolous purposes and then cannot repay them and complain because of the interest rate. Those who use payday loans responsibly are definitely grateful for their existence.

Payday loans have been outlawed in a number of states around the US. If you are considering getting a payday loan, please use them responsibly so this trend does not spread any further.

Rachel Yoshida is a writer and promoter of No Fax Payday Loans and Austin Cash Advance Sites.