Sometimes it seems no matter how hard you try to budget for bills and emergencies, some cash flow problem will inevitably come up and take you by surprise. When this happens people often turn to a savings fund or possibly a credit card. But what happens when emergencies happen to people with bad credit? What are there options!!! If you have bad credit and need a cash loan within 24 hours sometimes your only option may be a payday loan or cash advance. These loans are set up to be used in emergencies only and are meant to be repaid usually by your next payday. Donít take a payday loan if you canít pay it back on time because you could double the already high interest. Typically payday loans cost approximately $100 to get a loan for $500, so you end up paying back $600 by your next payday. Since these loans are expensive to acquire its best to seek out all other alternative resources first!!!