If you need money fast and you have bad credit, you're about to learn one of the best ways to get approved for a personal payday loan.You'll also discover why applying for a payday loan online is safe and easy.I'll share two simple strategies you can use to pay zero interest or fees on your personal loan... and... Boost your chances of getting approved for a payday loan - even if you have bad credit or no credit.Here's how it works...Until recently, if you needed a bad credit personal loan, you had to drive across town. Then - on top of that - wait in line forever to get a loan. If you have kids with you, that's a huge hassle!Not anymore.Now you can apply for a payday loan from the comfort of your home, know if you're approved in minutes, and get fast cash wired into your bank account. No waiting in line. No driving across town.But, be forewarned --If You're Not Careful, This Convenience Can Cost YouOnline payday lenders fall into three categories:Honest Lenders, Offering Honest Service - These companies don't hide behind a web site. They give you their phone number and postal address, and they clearly disclose their loan terms. When you do business with them, you can rest assured your personal information is kept safe and you're getting an honest deal.Dishonest Lenders, Who Sometimes Break The Law - Some online lenders charge more interest than state laws allow. Others lend money to people living in states where payday loans are outlawed - or to military personnel. And worse... Some aren't lenders at all!... Just scam artists out to steal your hard-earned money and personal information. Fortunately, there aren't too many scammers, but you still have to protect yourself.And, finally,Brokers Who Don't Fund Payday Loans - The majority of bad credit loan sites on the Internet don't lend money. They accept your application and forward it to lenders they're affiliated with. While this seems like a good thing (lenders "competing" for your business), you lose of control over the application process. Do you really want to get a loan from a company you don't research yourself? I didn't think so.You may wonder...Are Online Payday Loans Worth It?Absolutely! Applying is fast and easy, and the money is zapped right into your account.The good news is, you can protect yourself by following these three precautions: First, only apply for a loan if the application page is secure. You can verify this if you see a closed padlock in the top-right or bottom-right corner of your screen. Second, never apply for a loan from a company that charges more than your state allows (usually no more than $25 per $100 borrowed.) And, Third, always be sure you can find a postal address, phone number and clearly-disclosed loan terms on their site within 15 seconds of landing on their homepage. If that information is too hard to find, they may be hiding something.When you follow these three simple rules, you'll weed out 99% of the dishonest lenders and/or scam artists.Now that you know how to protect yourself when you get a bad credit personal loan, here's how to get a fee-free loan.How to Get A Fee-Free Bad Credit Payday LoanJust as I promised, you're now about to learn how to borrow money for free, even if you have bad credit.Because there are so many payday loan sites and only ten spots on Google's first page for "payday loans", lenders are working harder to attract your business.And that's good news for you!In fact, there are a handful of honest companies that will give you your first loan free.Here's how it usually works:
You apply for a loan online
If approved, your first loan (usually between $100-$500) is wired to your bank account within 1 business day
When you pay-off your loan, the loan fee is waived
What that means to you is...If you take out a loan and pay it off the first time it comes due (instead of rolling it over), you pay no fees! You can't beat a fee-free payday loan, can you?If you take out a loan and roll it over (extend your loan when it comes due), you'll pay a fee to roll-over your loan. However, when you finally pay-off your loan, your last loan fee will be waived.So, no matter what, you save money!And, bad credit is usually not a problem. That's because most payday loan lenders don't check your credit report. They may check with a company called TeleTrack to see if you have any other loans out - or - if you've defaulted on any payday loans in the past. But, recent bankruptcy and even some severe credit problems may not always get you turned down for a loan.Plus, since you can apply online, you can safely apply without worrying about the embarrassment of getting turned down face-to-face if you don't meet their guidelines.You can apply for a fee-free payday loan today and find out fast if you're approved.Here are two ways to find companies offering first time borrowers fee-free payday loans.Tip #1: Search Google for "Payday Loan First Loan Free" and see what comes up. Follow the advice I gave you above to protect yourself from scams or hassles.Tip #2: Or, search Google for "Payday Loan Reviews" and see what people say about popular online lenders, so you can make an informed decision.Online bad credit loans are a great option, and when you follow these simple rules, you can protect yourself and save money, too!