Finding the right payday loan is like finding the right car or home or television – you shop around and get the best deal. You want the lowest annual percentage rate (APR) and you also want to avoid taking a loan with a lender who asks for an advanced fee, even before you receive your money.

If you are using the internet, make sure that the site is professionally designed. Look for spelling mistakes and poor grammar. A trustworthy payday loan company will also ask you questions about your banking history and your source of income. You most certainly don’t want to do business with an offshore lender.

Other tips include:

• Asking the lender if they are licensed by the state.
• Reading the fine print before finalizing the deal.
• Avoiding lenders who let you roll-over your loan beyond state limits.
• If you are online, make certain that the site is secure.

The most important thing that you can do is be smart and educate yourself on the different aspects that make up payday loans. You don’t want your debt to spin out of control. Borrow only the amount that you need and try to pay it back as soon as possible