Read The Fine Print

Its no secret that Pay Day Loans are expensive. Pay day loan interest and fees are about 5-10 times more than that of credit cards. You will get the cash fast and the loan approval process is relatively quick. That's the advantage to by using a payday or cash advance loan. There is no credit check, so that's one less obstacle to overcome. But it is important to receive the cheapest, lowest fees it is possible to when you do get a payday advance.

Here are some tips to acquire a cheap payday advance:

Compare 3-6 Payday Loan Companies Before You Decide - Payday loan companies fees can vary greatly. Make sure you compare multiple lenders before you decide. Even if the company says they may have the lowest fees. Don't get their word because of it.

Read The Fine Print - When you compare fees from payday lender to lender make sure to see the fine print. When they say their fees are $10 per $100 borrowed, find out how long that is for. Is that for any 14 day loan or possibly is that each week? Make sure you know how much each company is charging per 14 day period, per $100. Only Borrow What's Necessary - This is not time to get a little extra cash "just in case". Payday loans will definitely be available. If you end up needing more money you can borrow more from another company. Only borrow the bare minimum that you just think you will require. It would be tremendously wasteful to end up borrowing more than you needed, to pay for the interest on money that sat in your account and then you just turned around and gave it back to the lender.

Borrow For The Shortest Amount of Time Possible - Inquire about an early payoff. If you are able to, does the lender allow you to pay the loan off earlier than expected? Make sure you can, you don't want to be paying extra interest on money you no longer need.