Having different payday loans concurrently is not advisable, as this can lead to an increased financial burden. Taking many loans simultaneously can raise debt and make it challenging to do settlements. This also results in a debt cycle. When assessing your advance application, lenders consider your existing economic obligations and outstanding loans.Assess your economic condition and borrowing requirements before availing of affordable payday loans. This will safeguard you from handling the repayments and avoid financial trouble.