There are so many people in this country who do not know or hear about the payday loan. If this is your first time hearing about this, let me tell you what it is. The payday loans service is an online based loan service that has been used by many people in this country when they need to find fast cash for their unexpected expenses such as sudden electricity bill, apartment bill, or even hospital bill which needs a fast payment. There are so many advantages in using this service such as fast, easy, and safe. However, there are also some draw backs in using this service.