The internet provides lots of convenience for searching and comparing payday loans. If you take some time to do research on the internet, you will find that there are many creditors that offer payday loans online. However, not all creditors are trustworthy. It is important that you apply from an established creditor that has been offering payday loans for many years. The website of the creditor should look professional. It should offer a secure application system so that your personal information won't be stolen when applying. The cash advance loan website should be equipped with the secure socket layer technology so that your information will be safe from the hackers. To do research on payday loans, you must visit the website of the creditor and check the interest fee. The interest fee vary between different payday loans so it is necessary to do research. Usually, the interest fee for the loan will be listed in the frequently asked question page. If you cannot find any information about the interest fee in the frequently asked question page, you can contact the customer service representative. The interest fee is about $15 for every $50 you borrow. In some payday loan website, there is a calculator which you can use to calculate the repay amount. You must make sure that you are able to afford the interest fee. By performing comparison between different creditors, you will know which creditor offers the cheapest interest fee. The loan should offer enough time for you to pay back your loan. The payday loan is usually repaid within 1 – 2 weeks from the borrow date. It is not advisable that you obtain payday loan from non-licensed individual lender. The payday loan creditor must be licensed. You can apply for the payday loan online or through telephone. Not all payday loan creditor will accept people that have bankruptcy records. However, all payday loan creditors will approve application submitted by people with bad credits. The creditor will not check your credit score so you can be qualified for the loan even if you have poor credit score. Payday loan creditor does not report to the credit bureaus so it will not help your credit rating if you pay back the loan. It provides cash for people who need money temporarily for urgent purposes. Payday loan is not meant to be used as a long term financial solution because it has high interest fee. If you just need some money to cover expenses in between payday, payday loan will be suitable for you.