We all know the feeling of needing cash and needing it fast. Being caught short is a terrible feeling and when you get to a point where you are desperate for cash it can lead to irrational decisions - that are often bad decisions. Money is a touchy subject for most people and because it's so deeply personal most people don't like to discuss it with professionals who can actually help them. Most people would rather keep it quiet and try to resolve the financial problems on their own which is a big mistake.
Cash loans provide a quick and easy way out. The ability to get access to a quick $20k is very tempting and it's an option that far too many people take. Not only are these instant cash loans an expensive option, it's a dangerous one. There is a reason why banks go through such rigorous checks before they grant you a loan. Cash loan lenders do very little checks and in my opinion give you money way too easily.
The repayments on instant loans tend to be way too high. In many ways this makes up for the hassles of actually getting the loan and although it's quick and easy, you end up paying for it. You need to pay particular attention to the interest rates, the fees and the terms of the repayments. Reading the fine print will be a revelation and will probably put you off getting the loan in the first place. When you add the interest and the fees together you will pay close to double the loan amount.
Cash loans can also be a dangerous thing. Most of these lenders are operating on a thin line with being legal and they are very astute in the art of getting their money back. In fact, unlike a bank they will not write off any debt and if you can't pay them they will sell your debt on to some loan shark that will get it from you one way or another. Legally, they can actually get a lot out of you and you need to be very careful before you get it.