Sure these loans are pretty bad, but if you need cash at a moments notice and have no other options it can be better than not having it
People who use these services frequently get dependent on them, and not out of necessity. That's a big part of why credit and loan industries have been growing so much for the past decade; people want fast cash once or twice and get stuck in the cycle.
Until recently a company in the debt collection industry I'm very familiar with was giving advances on paychecks to certain employees. The practice was recently stopped when the head of HR left and the result was basically analogous forcing people to get off a drug. It's not like they didn't have income, they just got locked into a cycle of dependency. The kicker: most of the employees in this company who were hooked on the paycheck advances are collectors themselves, dealing all day with other people dependent on debt.
People who use these services frequently get dependent on them, and not out of necessity. That's a big part of why credit and loan industries have been growing so much for the past decade; people want fast cash once or twice and get stuck in the cycle.
Until recently a company in the debt collection industry I'm very familiar with was giving advances on paychecks to certain employees. The practice was recently stopped when the head of HR left and the result was basically analogous forcing people to get off a drug. It's not like they didn't have income, they just got locked into a cycle of dependency. The kicker: most of the employees in this company who were hooked on the paycheck advances are collectors themselves, dealing all day with other people dependent on debt.