PaydayLoans are becoming an increasingly popular alternative to going into unarrange overdrafts with the banks. No matter how careful we are with our money, we can overlook a payment due to come out. Unfortunately sometimes we don't realise until it's too late, and payday might be a couple of weeks away. With no money to cover it you risk falling into an unarranged overdraft which can often be charged by the day can end up very costly indeed.