After looking at all of the advantages to taking on cash advance you might want to wonder what the disadvantages are. Yes you do get a loan and money when it is most needed but the amount of money compared to regular loan is very little. The maximum amount given out with payday loans is usually five hundred dollars, with other regular loans, business loans and so on, they are so much larger. These payday loans are made for the purpose of giving them a short term loan for quick cash. Another downside is paying off these payday loans. They cost a lot of money to pay them back, even though you are not borrowing a lot from the payday loans company, you still need to pay it back with a lot of interest, sometimes the interest could be double of what a bank would normally charge on regular type loans so be careful.