A bit of this and a bit of that

Have you ever found that you’re short on funds a few days before your pay cheque arrives? I don’t know if this is done here in the UK, but in the US you can get a Payday loan that will tide you over for a few days. It’s an interesting idea, you can borrow between $500 and $1500 dollars for literally a couple of weeks until your pay cheque arrives, and when it does, your loan (plus interest and charges) will automatically be paid off, straight from your account. There’s no paperwork, it’s all done online. What a great idea.

Has anyone out there used these? What sort of experience did you have?