It is not wise to put your finances in jeopardy, it doesn’t matter that how much you want to help someone. So never sign a payday loan for your friend. having no credit is sometimes a reason for traditional loan. But if you have a bad credit it is a culprit so for your safety you should use this information before you decide to get a payday loan. You should remember the time that when you have to pay back the loan observing calendar.