ameriloan.com How do you describe payday loans? Ideally, these financing options are suitable for individuals who want to get quick money for emergency needs. This type of loans usually has a 2 to 3 weeks payment duration. This is great for people who needs money just before their next paycheck arrives. To resolve unpredicted financial problems is the main objective of this option. As soon as your paycheck arrives, that is the time to pay back the money you've lent. This could be of great help during times when you seriously need to have cash in order to meet short-term needs.