Payday loans, no matter how sound the company may be, are one of the worst things you can do. What do you need the money for? Is there another option for raising money for the need. Here's some quick things to consider:

• Can you reduce expenses if increasing your income is not an option?
• Do you have any stocks or bonds (or similar securities) that you can sell? Even if you sell at a loss, you would be "positive" from a cash flow standpoint.
• Do you have family you can borrow from? (The interest rates are most CERTAINLY cheaper!)
• Do you have any items you can sell in a yard sale or on Ebay? You would be surprised how much money you can raise!
  

Without knowing your situation specifically, the tips above are relatively generic, but will work for most situations. My wife and I paid down debt implementing some of the items above.

Using credit cards or payday loans only hurt you in the long run. Interest is the true enemy!