Do most people use a cash advance or payday loan for the same reason?
More than likely. An increasing number of consumers choose a cash advance or payday loan to cover unexpected expenses or to bridge a short-term cash crunch between paydays, without incurring revolving debt. A cash advance or payday loan is a short-term credit option that may provide a sensible alternative to costly bounced checks (from other merchants), late payment charges from other creditors and tarnished credit ratings. However, you should evaluate the costs and benefits of alternatives before borrowing. Some other forms of short-term credit may be less expensive such as a loan from another institution or from family or friends, a credit card cash advance, account overdraft protection or a salary advance from your employer.
