There is an unfortunate reality that many people live from month to month, payday to pay day with no savings. Its normal for them to have no money left just before their pay day.
When an unexpected and urgent need for cash appears, there is no cash available to solve the problem. Examples may include vets bills, car repairs, unexpected telephone bills or even urgent utility bills that appear each quarter instead of each month.

As people with low incomes have to pre pay for things like electric and gas, such people can often find them selves with no lighting or heat if they have no money for their prepay meter.

Families with children can sometimes access a line of credit from the social security who are unwilling to let a family with young children sit around in their houses with no electricity.

For single people with less of a social safety net they are often trapped and forced into a doomed spiral of exploitation from unscrupulous lenders. Imagine the following scenario. Dave is a trainee electrician on a minimum salary. He was out of work for six months and defaulted on his bank credit card, his bank account went past his overdraft limit and the bank closed it and sold on the debt to a debt collector. He was pulled up by the police while driving his car with two bald tyres. The officer was not impressed with his attitude towards him and ordered a recovery truck to tow his car away.

Dave was stuck with no van to get to work and no money to get it out of the impounded facility and buy the new. The daily fees for storage were pilling up. His friend he drank with told him to go on the internet and look for a no credit check pay day loan so he could sort out his travel problems. His bad credit would be no problem as there was no credit search.

Dave was open-minded and happypaperwork to the loans company £350 arrived in his bank account, enough for his new tyres and the removal truck and storage charges. Everything went well until his pay day when the payday loans company took £437.50 from his account. He was able to pay his rent for his bed-sit, put some diesel in his car and then he was back to his zero bank balance.

After a friend of his expressed his anger with Dave continually smoking his cigarettes and using his mobile credit, Dave decided he was sick of having no money. Dave made a quick phone call and the payday loans company were all too willing to lend him £500. Happy for their "help" Dave was able to have a few nights out and buy his own fags. His pay day came round again and £625 was removed from his bank account. Also, a couple of months ago he was foolish enough to give his visa debit card detailsempty the remaining cash.

Dave sat alone in his bedroom with no cash trying to work out how two bald tyres could have cost him £350 and a ludicrous £275 in interest and fees.
The unfortunate moral of the story is using lending products from lenders who charge rates of interest in the thousands of percent is rarely the solution to any problem. Giving out details of your employer and access to your current account is something that nobody should ever do. It is not good to do this and can lead to identity theft and all sorts of unpleasant things could happen as a result.