You can’t control when the plumbing breaks or when the transmission goes out. It isn’t always possible to wait until Friday, either. These things happen in life. That’s where a payday loan can come in handy. Payday loans are intended for situations just like this. Easy to apply for online, payday loans provide speedy funds to address sudden emergencies. Payday loans are short term loans. You can use a payday loan to address a sudden emergency and then just pay the loan off on your next payday.