Whoever said that a payday loan is easy to be paid back, probably has never applied for one. A Fast Payday Loan means that the approval will be given quickly without the loan applicant to have much to do in order to get it. But a fast loan also means that it has to be paid back fast, too. And if it were just for the money that was lent, this would be probably easy to pay back. But, besides the loan itself, the borrower has to pay the interest that came with the payday loan. More than that, if the borrower misses the repayment date, the loan lender company will charge penalties, so it will be even more money to pay to the lender.