As its name suggests, an instant payday loan represents fast cash.  This is great when you have to face an emergency, but unfortunately this facility is not for free.  In order to get an Instant Payday Loan you have to pay a higher interest rate than the normal one.  For the common borrowers this high interest rate represents a real financial effort.  Try to repay your instant payday loan when it is due, otherwise you can have serious financial problems in the future.  With a tarnished credit history it is not very easy to get better terms and conditions in the future.