Payday loans are easier to get than to maintain. Everybody with a valid checking account and a recent paystub can make a trip to a local check cashing vendor and get a payday loan. Almost everybody can do it online, as well. Getting a loan is way easier than repaying it, especially with strict timelines most cash advance lenders endorse.
The way payday loans work is that they typically need to be repaid within one pay period. While it may not seem as difficult to most people, in fact, it is very hard. Most people live paycheck to paycheck, especially these days. In a short moment that passes between two Fridays, a lot of bills come due: utilities, car note, or rent. Once your payday loan repayment comes due, another array of financial obligations appears out of your mailbox, demanding a fat chunk of your paycheck. It becomes almost impossible to balance between repaying your payday loan and staying on top of other bills. This is what makes many people payday loan addicts, as they have to take new cash advances to pay off previous loans, ending up paying more and more in interest and fees every time. This snowballs to the point where most people are not able to handle the debt service anymore.