Although applying online may seem easy, it is usually best to call for more information. Not only can you ask any questions you have, but you can also make sure you understand all the terms and conditions of the loan. Those wishing to apply for payday loans should keep in mind that this should only be done when all other options have been exhausted. Payday loans have extremely high interest rates that can make you pay up to 25% of your initial loan. Review any other options available to you before applying for a payday loan. Thorough research is always a must if you are planning to apply for a payday loan. The first personal loan you find may not be the best. The more lenders you look at, the more likely you are to find a legitimate lender with a fair rate. While it may require a small investment of time on your part, it can really pay off in the end by saving you money. You might even see all this information on one website. Be sure to research a potential payday loan company. There are many scam lenders who will promise you a loan, but will only steal your banking information. Use the Internet to thoroughly research what other customers have to say about a company before signing a contract