In most cases, yes. Payday loans are essentially designed around ‘high risk’ borrowing, which is the major contributor to the interest costs associated to these loans. Many providers even advertise a ‘bad credit loan’ service. Payday loans can even serve to aid in the re-building of a credit status, where re payments are made on time and of the right value. However, just because you can do something it really doesn’t always mean that you should.