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One of the really great things about bad credit payday loans is that the interest does not depend on your credit score. Additionally, your chances of getting approved are extremely high, provided that you have a salary that you receive in a checking account in the bank. Even though these cash advances have got some bad reputation over the years, they can be real life savers, when you know how to secure the best deal.

Get a cash advance directly from the lender. This may sound strange, but the reality is that many web sites offering such services on the internet are just resellers of the products. This means that you have to incur an extra fee. The best way to find an actual lender is to check their license and registration. In general, the more reliable the lender is the better customer safety you get.

Shop around to find the deal with most affordable interest and fees. It is now easier than ever to compare various deals in minutes over the internet. This is perhaps the best way to find bad credit payday loans. Just remember to keep the first rule from above.

Make sure you can afford to repay the borrowed sum. It is true that it will be restricted to the amount of your salary, but you really have to ask yourself what you will do next month, if you do not have the money you have borrowed plus the interest on them.

Generally, experts recommend restricting your borrowing to a third of your salary. It is even better to set a repayment limit to the third of your salary. In this way, you may borrow less, but you will not get into even more financial trouble the next month. A useful rule to keep is to borrow as little as possible, especially when you cannot find an interest rate lower than 20%. Another useful rule of thumb to keep is to use bad credit payday loans only for pressing emergencies.