Payday loans are just as the name suggests. Payday loans are normally for short term loans for emergency cash that is needed right away. One downside is that these loans usually carry a very high interest rate and are usually due upon an individuals pay date; which means an individual is borrowing money that they haven’t even earned yet. With this said, a lot of states have banned payday loans, thus only able to apply for a loan from an online portal. One particular site is www.paydayloansintheusa.com. With this site and most other sites, bad credit is not an issue as no credit check is run. An individual is able to take a loan from $100 to $1,000 and the money is deposited directly into their bank account. According to the pay back date, funds will also be taken directly from the same account.