Yet another reason to get a payday loan is that you determine that cost is worth it to you personally. If you are headed for long awaited vacation and could use a few extra bucks to enjoy and can afford fees then you should look into this.

A final thought on when you should get a payday loan is if you need that cash and it’s free. That's right free. There are a many sites out there that charge ZERO interest to all first-time customers. One such site can be found at Low Cost Payday Loans and No Fax Payday Loans.

What to look for when getting a payday loan:

The first thing to look for is APR. Federal law has made it so that every lender must disclose cost of any money borrow through a Truth in Lending Disclosure. This must break down cost by APR (Annual Percentage Rate). This is first thing to compare loans by.

Another thing to look for is length of term. If two companies charge same rate for every hundred dollars borrowed but company A has a term of up to four weeks and company B has a term of two weeks, then go for Company A and take advantage of extra four weeks. The APR of Company A is half of Company B. The reason this differs from first item is that sometimes they base APR on a fixed amount of time (two-three weeks usually). When you read fine print that fee charge is fixed and may allow you to pay it back in a longer term such as four weeks.

The bottom line:

Do your homework when getting a payday loan and look for free to low cost payday loans if possible. The money you save can be substantial.

R Vigil Finance Consultant At Low Cost Payday Loans.INFO .

R Vigil is an author, webmaster, and financial advisor for LowCostPaydayLoans.INFO .

No Fax Payday Loans

• Since 2004 is last year for "bonus depreciation," business taxpayers should consider putting new equipment in service before year-end to get a 50% bonus first-year depreciation allowance, plus regular depreciation deductions on remaining adjusted basis.

• Business taxpayers should also consider purchasing equipment, furniture, fixtures, etc. that qualify for $102,000 business property expensing option (Federal Section 179 Deduction).

• Consider settling an insurance or damage claim in order to maximize your casualty loss deduction this year.

• You may be able to save taxes this year and next year by applying a bunching strategy to "miscellaneous" itemized deductions and medical expenses since total for each of these categories must exceed a percentage of your adjusted gross income before anything is deductible. Examples of "miscellaneous" itemized deductions include job-related expenses not reimbursed by one's employer (e.g., uniforms), subscriptions to professional journals, union and professional dues, tuition for job-related courses, and tax preparation and tax consultation/planning fees.

• If you are facing a penalty for underpayment of estimated tax, you may be able to eliminate or reduce it by increasing your withholding.

• Self-employed individuals should consider setting up a self-employed retirement plan.

• You can save gift and estate taxes by making gifts sheltered by annual gift tax exclusion before end of year. You can give $11,000 each year to an unlimited number of individuals but you cannot carry over unused exclusions from one year to next.

• If you are thinking of donating a used auto to charity, consider doing so before 2005 in order to maximize your deduction.

• If you have any capital gains or losses from sales of stock or other capital assets or you have stock or other capital assets that you are considering selling, you should consider how to best coordinate timing your gains and losses to minimize tax on your gains and maximize tax benefit from your losses.

These are just some steps that can be taken before year-end to save taxes. Do not let cost of a meeting with your tax professional deter you from taking advantage of professional advice that could save you hundreds or even thousands of dollars in taxes (and penalties and/or interest in some cases). Additionally, it will allow you to be better prepared for tax preparation in early 2005. Depending on your tax situation, a thorough consultation could take as little as an hour!