Finding the Best Payday Loan

Unfortunately there are times when we just don't have enough cash to make it to the next paycheck. Unexpected car repair expenses or medical bills can quickly eat up our entire paycheck and leave us wondering how we are going to make it to the next payday. Thanks to a wide variety of services on the market there is help for those who need it. Unfortunately, not all companies are created the same and many will try to take advantage of consumers who are in need of assistance. We'll show you how to choose the best payday loan source for your cash needs.

Cash advances on your credit cards can be a costly expense, often with interest rates approaching 35% or more. For this reason people sometimes will turn to local paycheck advance services that will loan money until you get paid again for a modest fee or interest rate. For some of these services the rate will be much lower than what you would be able to get on your credit card for taking an advance.

To find such an establishment you should consult your local yellow pages which will often list them under a category of "Cash Advance" or "Loan Services". Next, comparison shop by visiting several and finding out what their interest rates are for the money. Make sure you get the final, full payment you will be required to make. Often consumers get themselves into perpetual debt by not realizing that they are only paying the interest on the advance and not the principal when making weekly payments.

Also check with your local Better Business Bureau who maintains ratings on such companies. Be wary of any company with a lot of complaints that are unresolved. It could be a sign of questionable business practices and a road to even more debt that you don't need.

Hugh Thorpe is a writer and internet publisher who runs the website 1st-In-Loan.net. Hugh gives advice and helps people with personal financial issues like debt help issues and finding a great best credit card offer online