At this rate of the economy people are finding ways to solve some financial problems. Sometimes they depend to some loan lenders. Installment loans from payday lenders are considered to be 2nd tier credit lenders, and have a stigma. (A lot of people think they cause poverty, which is like saying that the Volkswagen Beetle caused World War 2.) Consider the following about installment loans – first, they don't affect credit. Second, lenders can take application online or over the phone, and direct deposit the funds to help you fend off overdrafts. Also, payday loans as an industry tend to follow and respond to demand, whereas banks get massive government favoritism (bailouts, anyone?) yet payday lenders don't. When you weight the relative crimes of banks or credit cards against installment loans and short term loans lenders – who is the greater of the evils?