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Now, we all know that if we go to get a cash advance or a payday loans the interest rate is going to be insane. We expect this and it is very hard to find the cheapest payday loans because most of the time we don't have time to be shopping around. Let's start by discussing why you would get a payday loan in the first place. These are short term loans or band aid loans. The idea behind these loans is to use them for an emergency and pay them off as fast as possible. This will keep you from getting hit with too much interest or fees. You have to know that if you go to borrow $500, then you will pay back between $550 and $600 depending on the company, but there is a way to make sure you get the cheapest loan for what you need it for. First, make sure the reason you are borrowing the money is an emergency. You should never borrow on a short term basis for anything that is not a complete emergency. Second, make sure to pay the loan off as fast as possible to avoid extra interest and fees. This will save you compared to what most do with cash advances because most people pay the fee to extend the terms. Pay it off right away and you will save $50 to $100 in the long run. Last, don't get talked into a loan for more than 2 weeks. The 4 week and one month loans are a sneaky way for cash advance companies to make twice as much interest off of you. Make sure you are only taking out a loan until you get paid. Now you know how to get the cheapest payday loans and avoid the interest and fees that most pay when they get a cash advance. Make sure you are in a complete emergency situation before accepting a loan and make sure you only borrow what you need. Discover the Secrets to getting the Cheapest Payday Loans here: Cheapest Payday Loans
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