According to experts and base on research, payday loans should be use wisely. So what qualifies as the proper situation to use a payday loan? You can probably guess what I’m talking about, but for example any tuition fee, medical bill, a car repair payment, or any other bill that must be paid immediately on pain of cancellation of services. Things on the fringe would be something like a concert that you may desperately want to see, but can’t afford to attend at present, or a nice gift for your girlfriend after a fight. The obvious no-no’s are taking out a payday loan for something like a new T.V or vacation (there are some who uses it that way). It simply doesn’t make sense to take on the high interest rates for a short term loan, if anything you may as well wait the month and save that money aside, and then pay for the item with cash and avoid any loan fees.