Payday loans are great if you need a little bit of money fast. If you are in the midst of a financial emergency and are considering borrowing from a payday lender, you need to read this article. Make sure you carefully read over the below advice on payday loans before you make your decision.

You have to understand all of your fees. You may tell yourself that you will handle the fees at some point, but these fees may be steep. Ask the lender to provide, in writing, every single fee that you're expected to be responsible for paying. Try to get this information so that you do not face too much interest.

Understand the origination fees associated with payday loans. Many people are very surprised by the amount these companies charge them for obtaining the loan. Be bold about asking questions in regards to fees and interest.

If your repayment date is coming up and you will not have enough to cover it, call the company as soon as possible to ask if they will give you an extension. Some companies can extend your due date by a day or two. However, understand that you'll probably pay more money for an extension.

If you must resort to taking out a payday loan, spend some time doing some research before you borrow. These are times when an emergency might arise where you need the money desperately. Just remember, one hour of researching a variety of options can lead you to a much better rate and repayment options. This will allow you to save some time later on so you're not wasting money paying for interest that should have been avoided in the first place.

A great thing to remember when applying for payday loans is that you always need to be aware of the interest rates. Never sign anything until you fully understand the terms. If a company is not honest about rates and fees, you might have found a scam.

If you use payday loans on a regular basis, it is probably a sign that you should be seeking out a debt counselor who can help you manage your finances. They ca