In this time of economic crisis, it's difficult to get a loan without first looking for a payday loan. It's the only way to get a small loan that is quick and easy to process. Although there are many different ways you can apply for one, here are a few ways you can quickly locate the lenders that offer fast and competitive rates for a payday loan.

First, use your credit to your advantage and get a pre-approved, or "fast" approval, by filling out the application form right on their website. This gives you a much better chance at getting approved with a faster approval than if you called a local lending agency. The same site also has an application for people that have bad credit.

Next, use a web site that does not belong to the large lenders. There are many sites that cater to different types of lenders. With these sites, you will be able to find many local lenders and find the ones that offer the best rates.

There are many companies that can be faxed. Of course, they charge a fee for this service. So, if you need money fast and don't have the funds available to pay someone out right away, you can try to fax the request in.

Third, do you want to try to get a payday loan over the phone? Many people still prefer the traditional, paper route, but if you get a fax and cannot get a quick approval, you can always call a lender in your area and try to get the money. You will find that many lenders will approve you in a few hours.

You may also find that you are approved from some of the major credit card companies. Check your bank account carefully. Many people use their credit cards to pay back the lenders. If you don't have the funds available, you can always use your credit card.

Fourth, get your payday loans from a lending company that you already know. A friend or family member may be able to get you the money quicker than the person in your small town. They may be able to fill out the application online, get the loan approved in a short amount of time, and then they can get the money.

Fifth, do you have a bad credit rating? Most lenders are willing to take that risk. They often make higher interest rates than traditional banks do, so even though you have bad credit, you will be able to get a loan quickly if you are using your own funds.

Sixth, check with the lenders to see if they have an annual percentage rate (APR) that can help you decide on an interest rate. Some lenders will be able to give you an idea of what the APR might be, but a general APR is a good way to begin. It's important to read the fine print to make sure you are making the lowest possible payments.

Seventh, ask if they offer a fixed interest rate for a payday loan. When you have a fixed interest rate, you will pay the same amount every month, but the amount that is due at the end of the month will be a fixed amount. In other words, the amount of the loan is the same no matter what the rate is during the month.

Eighth is the payday lender offering a variable interest rate? There are many places that will offer variable rates for a particular payday loan. Some payday loans may not fluctuate much throughout the month, and this is a good option if you're trying to get a loan for an emergency.

Finally, when it comes to the terms and conditions of a payday loan, make sure that you are aware of them. This includes how long the lenders will allow you to get the money back and what percentage of your next paycheck is being spent on the loan. Take advantage of the many other features of a payday loan and save yourself time and money by going online to get your cash as soon as possible.