Cash advance and payday loans are a great way to get extra money fast but they come at a price. When you apply for a payday loan you should remember that the rate of return you get your money with is much higher of compared to other types of lending. This way lenders make sure you will pay out the loan on time and minimize their risks of past due payments. So when you take a cash advance you have to be sure you will be able to pay it off with your paycheck, otherwise prolonging the due date will cost you even more in rates and in the end there won’t be much use of the loan as you will have to pay back a lot more than you have initially borrowed. This is a downside of payday loans that many people seem to forget about and then facing the price they have to pay, start criticizing the whole concept. The rule of thumb with payday loans is the earlier you pay off the loan the better. Do not roll back the due date as it will cost you too much in the long run.