There is always the need for cash in a flash without the weight of legal documentation or checking of credit worthiness. The faucet has sprung a leak, element in the electric cooker has seen better days, in the cold of winter a window pane has shattered, the car battery has lost it's power. These sudden unforeseen events need unforeseen expenditure. These expenses are not budgeted for in the monthly paycheque and money is needed to meet this emergency only until the next paycheque comes in. For these types of situations payday loans are of immense help.

2009 saw a four fold increase in payday loans online since 2006 reported the small cash loans lender CushteeCash. This is due to the fact that there are many lenders who are available online and people find that small cash advances against next months paycheque is an amount that will not cause any financial upheaval in their monthly routine.

Payday loans are small cash advances to tide over financial emergencies until the next payday. The fact that it is so easy to obtain makes it a very popular form of bridging the financial gap. The only requirements to set the ball rolling is that one should be over 18 years of age, be a citizen of the United Kingdom, have a regular source of income either from regular employment or may be a trust, and have an active bank account. Once the application is made the databases are checked and if everything is in order the bank account will be credited within the hour.

When applying for a bank loan so many forms have to be filled, so many criteria need to be met and there will be a processing period running into a couple of days even weeks, also there should be a purposeful reason for needing the loan. The cash advance does away with all this. The only form to be filled is the application form and the processing time will be just a short while. Funds will be in the bank in the blink of an eye. There is no explanation to be given to obtain the small loan. The money could even be taken to bust up on a shopping spree!!