There are literally thousands of companies on the net which claim they'll offer you a payday loan regardless of your credit score/credit history. Sounds too good to be true? It probably is. Once you make an application for a loan it gets approved instantly but they tell you that an insurance fee must be paid upfront. It could be a small fee of $20-$50 bucks. The moment you pay that insurance 'fee' the company reps disappear. Your emails will never be answered and your money will be lost as well. If you need a loan the best place to get is from your bank. While getting a loan online might seem easier, you stand to lose much.