A payday loan or cash advance is a small, unsecured, short-term cash loan typically backed by a future source of income, often times a paycheck or anticipated benefit. These loans should only be used when truly needed, such as in emergency financial situations. They are not a solution to long-term debt problems. Be sure you understand the risks of short-term cash loans, and please borrow responsibly. If you are facing long-term financial difficulty, please consider credit counseling, education, or other debt-management assistance, such as nonprofit financial counseling services in your community.