The need for money is never ending and it does not matter how much you earn, you would always be short of it. There are times when you would have to earn more money for certain commitments which are totally unexpected. You would depend on the savings that you have or probably loan some cash. Over a period of few decades money lending system has changed a lot, banks, private organizations have emerged into creating a huge industry for loans.
In this new age century, people mainly depend on credit cards and loans as an immediate form of availing cash when needed. And there are majority of the working population who depend mainly on payday loans. When compared to the conventional loans payday loans are a little different yet more convenient for the salaried professionals. The loan approvals of payday loans are much faster and convenient than any other form of loans. This is the reason why it has become widely popular across the world.
If you are under contract with a floor-ceiling clause that allows you to take the downs of the Euribor, and to lower the monthly payments you pay, you have a solution: switch banks. It is a process with their costs, but in some cases is better than paying interest segur above the current trend.