Payday loans can be used to help you come up with extra money to cover a car repair or medical bill. However, this is one type of borrowing that you should avoid at all costs. It is better to use a credit card and pay it off quickly than to take out a payday loan. The fees associated with the loans are very high. It also leaves you short for the upcoming month, since you must pay the loan back in full as soon as you are paid. This tends to cause people to fall into a cycle of continuing to use a payday loan.
If you do decide to use a credit card instead, set up a payment plan where you pay more than just the minimum payment to get rid of the debt as quickly as possible. Additionally, you should work on building an emergency fund so that you do not need to turn to either source to cover emergencies when finances are tight.