Consumers in need of instant access to credit should apply for pay day loans online as this will save time and ensure they receive their funds as quickly as possible.

This is the advice of Hector Milla, editor of SameDayLoansCity.com, who points out that most pay day lenders deposit money into borrowers' accounts within 24 hours.

"It is advisable to apply for a pay day loan online, this way borrowers save time because there is no need to present documents at all, they just need a checking account where lenders will deposit money," he explained.

It also means they can shop around to find the best deals available, instead of visiting just one or two stores in town, he added.

And Mr Milla advised consumers to apply for pay day loans early in the morning, as this could ensure they receive their credit the same day.

Writing in Illinois' State Journal-Register recently, Tan Westmoreland, regional manager of AmeriCash Loans, said pay day loans can act as an important lifeline in times of financial trouble.

-----------------------------------------------------------------------