Getting your hands on quick cash isn't always easy. In some instances, a car repair or unexpected expense can't wait until your next paycheck. A payday cash loan can put extra cash in your hands, and getting approved is relatively easy. Still, the drawbacks are real, and consumers should carefully consider whether a payday cash loan is right for them.

In most cases, you'll have to repay the full loan within two weeks. If you are strapped for cash now, who's to say you'll have extra money in just 14 days. Thus, some borrowers dig themselves into a deeper hole. Before you know it, the fees add up and you owe the payday lender a lot of money. What's more, the interest rate on a payday cash loan is super high. You're better off getting a cash loan from friends or family or using a credit card for emergencies. This way, you avoid ridiculous finance fees, and repayment is much easier.

If possible, try and avoid payday loans. Start a small savings account, get an emergency credit card, etc. Anything is better than high-interest cash advances.