In the current tough economic conditions lasting through the month until payday seems to be getting increasingly difficult for many people. That’s where a Pay Day Loan can come in useful. As the name suggests it is a short term loan designed to help through until you get paid. Unlike other loans payday loans require no credit checks and you can often be approved in a as little as 24 hours. Apex Payday Loans for example provide a service that is available 24 hours a day 7 days a week. You can apply online which takes just a few minutes and in some cases they will approve it within the hour.