One of the best ways to solve a cash crisis is to get a pay day loan, it has been suggested.

According to CashAdvancePaydayLoansCa.com, quick pay day loans are a convenient way of resolving cash emergencies such as a sudden car repair or an overdue energy bill.

Not only can the applicant usually get the money quickly, with cash deposited directly into the applicant's bank account, pay day loans can be provided without any collateral, which is useful for those who do not own their own home.

The loans are for a short-term period and repayment times are usually between 14 and 30 days.

Cash advance loans are "a fast solution for people who are in urgent need for cash", said a spokesperson for the website.

"Getting a loan from a bank or borrow money from a relative could be time consuming and sometimes embarrassing."

At the end of June, the Long Beach Press-Telegram reported a study from Georgetown University's Credit Research Center that found half of all Californians who rely on pay day loans earn between $25,000 and $50,000.

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