If there is someone who says that the interest rates on payday advance loans are low, he is either a person who is living in the stone ages or he just wants to take you for one hell of a ride. It is quite apparent, that he does not know what he is talking about. Over the years, the amount of interest payable on all payday advance loans has been so high that it can actually frighten anybody away. Unfortunately, it is only those who are in dire need of help who opt for  payday advance loans , despite high rates of interest.