Payday loans are useful in an emergency which can happen at any time. If your car suddenly breaks down and you need to get to work, you cannot wait till payday to get the repairs done. When you need cash, there are various types of cash advances you can opt for. Instant payday loans are useful when you are in trouble. They offer monetary help since they can be applied for and approved at once. They are also useful for people with bad credit history and bankruptcies. The important part is that, if approved, the lenders deposit the money into your checking account within 24 hours.