In today's economic climate, most of us are only a paycheck or two away from financial disaster. With the fall of the dollar, with an estimated 2.5 million U.S. households facing foreclosure this year, and with no relief in sight, no one would argue that Americans are hurting. Although the media trumpets our economic woes, worrisome joblessness rates, and the "R" word - recession - they're missing an important piece of the economic puzzle. Often, people simply need a stopgap measure to help them get through the month - often in the form of a cash advance or payday loans.

Think about it. Gas prices have skyrocketed, which means that the costs of everything from food to clothing has followed suit. After all, any goods that have to be transported from point A to point B cost more to move, which results in higher prices. Consider it a fuel surcharge. So, people who were making ends meet six or eight months ago are facing sticker shock at the gas pumps and at the grocery store checkout line. We've all been tightening our belts, opting for "staycations" instead of vacations, cutting back on the luxuries (and sometimes the necessities) and doing what we need to do in order to get by. But what happens when the unexpected pops up? What if your car breaks down or you need to buy a medication that isn't covered by your health insurance (if you still have health insurance, that is)? What if you have to go see your ailing mother or your son has outgrown his sneakers? Today, it's the little things that can mean the difference between making it and breaking the bank.

Those are the times when quick cash can come in handy. Thanks to services that offer payday loans, you can get cash overnight - with no credit check. It's hard to believe, but it's true. What's the catch? There are really only five criteria you have to meet. First, you have to be over 18 years old. Second, you have to have an active checking account. Third, you have to have a full-time job. Fourth, you have to earn at least $1,000 per month. Finally, you are only eligible for one loan per household. If you meet those five criteria, you can be eligible to receive up to $1,000 in cash - overnight.

Although every cash advance service works a bit differently, there are generally four steps you need to take in order to receive a payday loan. First, you have to fill out an online application. Next, you have to "sign" an electronic contract. Then, you have to call a customer service number, and a representative will help you with the loan process. It usually takes about five minutes. Finally, you'll be approved for your loan and the money will be deposited into your checking account the following business day. It really couldn't be easier.

Of course, relying on payday loans isn't a good long-term financial management strategy - but that's not what they're designed to be. However, a cash advance can get you over a rough patch and help prevent financial catastrophe. So, use payday loans judiciously, but rest easier knowing that you have an alternative source of cash that's fast, safe, and easy.