In case you urgently need money, because you are temporarily out of it, same day payday loans could be indeed the right option for you, because they refer to small amounts of money that are offered to those who need them for only a short period. It is considered that same day payday loans are offered for about two weeks or even less.
However, if you require several thousands of dollars, no one will be able to give you such an amount of money through this method, and most likely you will have to visit a bank. The problem with the banks is that they do not offer money so quickly, plus they require you a lot of documentation, where you have to show them where you work, what is your salary, for how long do you work for that company, where do you live and other questions like this. In case of a payday loan, that is offered the same day when you request it, this type of documentation is not required.
However, you cannot get a payday loan that fast. To get it, typically you will have to write a check for the entire amount that you plan to borrow and also for a smaller amount of money, that represents the fee for getting that loan. When you are ready to repay the loan, the lender will go to a bank, ready to cash that check that you have written. If you do not have the money to repay the loan, you can discuss with the lender and ask him/her to "roll it over"; this means that the loan will be extended, but not for a very long period. The disadvantage of using this method of extending a payday loan is represented by the fees that keep accumulating.
Same day payday loans are again a very good option if you want, for example, $100 quickly, but none of your friends is in the same area where you are, or they do not have the possibility of lending you $100. So instead of trying to get money from your friends or acquaintances, you can always try the new and modern ways of lending, and benefit of the advantages provided by the same day payday loans.
However, there should be mentioned that if you have benefited of payday loans before, without covering your debt entirely, not even payday lenders can offer you the money, if they find out that you did not respect the agreement of returning the loan, when it was due. Also, banks and retailers may become unwilling to work with you, as long as you will be included in a system that refers to people that had bouncing checks in the past. So before considering getting a payday loan, make sure to have the possibility of returning that loan.
Do not rely on borrowing more money just to repay a previous payday loan, but instead try to use this method only when you need money very quickly, money that you will return when getting your wage or when you know for sure that you will receive money from your brother/sister or a friend.