I think that the person himself needs to understand if he can afford such loan or not. The company where you can get benefit with same day loan approval to risky clients, who can’t get financial assistance in a bank for having no confirmation of their solvency. That is why the interest rates are high, but people are not made to take these loans, it is their own decisions. And if there are such companies, this means that the law allows such financial actions. Of course consumers should stay very responsible when they get approved for short term personal loan because if used in a wrong way, such loans can lead to very serious financial problems.