Healthcare economics and payday loans have been a significant challenge for the United States population for many years, with various papers finding broad connections between them. This paper focuses on one such connection: how payday loans impact the overall physical health of an individual. I have analyzed data from the National Longitudinal Surveys of Youth and the Payday Loans and Customer Service data source from Kaggle, and estimated regression models in order to find correlations between variables. Using this, I have found a direct connection between payday loans and healthcare choices: if people take out payday loans, they are more likely to be in a better state of physical health. Also, taking out a payday loan does not necessarily result in a visit to the doctor's office. In additional analysis, I find that racial minorities are most likely to take out payday loans. Lastly, I have highlighted the need for higher transparency around the fees/interest charged on payday loans.