If you’re thinking about using one of these services make sure you do plenty of research on the company as well as the service they’re providing.
Always get a quote for your payday loan first!
First, get a quote from the company that includes all the fees and interest rates and outlines the repayment plan. Don’t go with the first company you run across because you will most likely be charged hundreds more than a competitor would charge. Usually cash advance companies charge between $15 and $30 per $100 borrowed so you should try to stay on the low end of this amount to save the most money. For example, if you borrow $1,000 you will save $150 in fees by finding a $15 per $100 company as opposed to the more expensive ones. Also make sure the company does not charge a prepayment penalty fee, which is charged if you pay back your loan early.
One company that I found to have some low interest rates, as well as a really quick approval process is 60MinutePayDay. Check out 60MPD Here. They usually approve cash loans that day.
If you look carefully online you can even find cash advance websites that allow you to borrow money for free if you’re a first-time customer. This is a great offer you should take advantage of if you can because it can save you hundreds.
Instant online cash advance websites usually require that you fax information to them, although some do not. Make sure you do research on the website and make sure you know which way they’ll verify your information.
Also check with the Better Business Bureau before doing business with any instant cash advance service online to avoid websites that will steal your information. Following these guidelines will help ensure that you get the best rate on your cash advance while sticking with a company you can trust.
I also made a comparison guide of all the top small cash loan lenders available online. Check out my comparison guide here.
