This tips will help you understand payday loans  and make the most of your situation.

For best results you will:

1. Use our loan calculator to simulate your loan.

2. Get the complete tips to payday  loans plus a short, easy-to-read course.

3. Get more tools and information for optimal results.

Payday loans are instant loans of large amounts of money. They can be found in high street retailers and on the internet. Payday loans are easy to obtain, but the interest rates are high. The funds are deposited directly into the borrower's bank account, can be used as needed, and then repaid with interest over weeks rather than months or years. If you have short-term financial difficulties, consider your other options before borrowing from a payday lender.

Before applying for a payday loan, search and evaluate interest rates and fees. Make sure you understand what will happen if you are unable to repay the loan.

This software tells the borrower (that is, you) what to do before taking out a payday loan, how to repay the loan, and what happens if you are unable to repay the loan.

Should I get a payday loan?

Your financial situation will determine whether you should apply for a payday loan. This could be a realistic option if you get an unexpected bill days before your next paycheck and can find a payday loan that won't charge you a high interest rate when you repay it.