Hardship payday loans are often what help people get through tough times. Since some states have started banning them or making them illegal it has made a lot of people angry. These loans have helped people buy groceries, birthday gifts, or even make rent payments due to not having enough hours on one check due to sickness. It is said that all check advance loans prey on low income people and drain their bank accounts.

Low incomes Americans are the class that most often use these loans.  They are also used by full time college students, middle class parents who have missed work due to illness, or even people who want a little extra cash to buy a present. Sometimes people will often use payday loans to bump up their credit rating if they have none. The justification for making these loans illegal is that they charge outstanding interest rates, and make life harder for low income Americans.

In some states residents have petitioned the government to make payday loans illegal. A lot of people do not like cash advance loans because of the high interest rates. They were taken advantage of by the wrong company, or simply took out too many loans and couldn’t pay the bill on time. Sometimes people don’t like them for any other reason than they don’t like borrowing money.

Lawmakers have also made pay check advance loans illegal without petition have said that low income people can’t afford the high fees that come along with payday loans. That they will end up in a deadly cycle of taking out loan after loan until they have to declare bankruptcy. Instead of loan companies providing a service for people who need help, they are preying on people in need. While it should be left up to individuals to make choices about their own money, some states have taken that option away.