Online payday loans make money available when you need it fast. But many websites offering these cash advances will try to trick or trap you into paying huge interest. Find out how to beat online payday loan lenders at their own game.

When you need money today, and not just a week from today, online payday loans can be a salvation. But for many people, these loans, also called payday advances or sometimes just cash advances, have become a nightmare. Here's good and bad of getting an online payday loan:

• Good: applying for a payday advance or other cash loan online rarely requires a credit check. There's also virtually no waiting to get cash, and no collateral, down payments, or paperwork headaches required.
• Bad: online payday loans’ interest is close to or beyond outrageous, and true cost is often hidden in language of agreement. Some payday loans have charged equivalent of 600% annual interest!
• Really bad: some online payday loan lenders are not trustworthy. In some cases, lenders have made unjustified charges to clients' bank accounts. Just remember: they can take money out of your account just as easily as they put it in. Anyone can open a website, so be sure to check out reputation of an online payday loan lender.

Online Payday Cash Advances: Tricks of Trade

As with everything else in life that involves money, if you don't want to get cheated on your online payday advance, you had better know everything you need to know before applying. Here are some dangers to watch out for:

Bad credit car loans may not be easy to get, but they are worth it. To find out inside tips to getting an auto loan even with worst credit, read on.

Bad credit car loans carry a higher risk to lender, so borrower must pay a higher than usual interest rate. You probably will need to apply to more than one lender and give more documentation. Still, a bad credit loan is worth trouble because it not only lets you get car you need and want, but can also help improve your overall credit rating.

Getting a Car Loan with Bad Credit: 4 Steps

1. Contact Equifax, Consumerinfo, or TrueCredit online for your credit score or to make sure there are no errors on your credit report. You can usually dispute incorrect information online or over telephone. If you have correct unfavorable information, you can write a letter to company that reported unfavorable information, asking them to remove that information or make a note that your accounts are now in good standing. Usually they won't do this, but it doesn't hurt to try.

2. Determine your credit score (also called a FICO score). There are simple online guidelines for estimating your credit score yourself. Still, to get a truly accurate score, you need to purchase it from credit bureaus.

a. Note that each bureau may have a slightly different score (and possibly a very different score if they have information others do not). There are online credit-monitoring services that will provide you a single report with all three reports and credit scores.

b. A score of over 680 out of 850 will get you a low-rate auto loan. Under 680 will mean a higher rate but a loan is still quite likely. Bad credit begins around 650 and lower. You will be charged high interest no matter where you go, and may not qualify for as large a loan. But it will still be a loan nonetheless.

3. Look on Internet for names of lenders that specialize in bad credit car financing. They can be private lenders, car dealers or any website offering this type of loan help. Compare rates and terms with what your own bank offers. Make a short list of lenders with good rates and terms.

4. Call up lenders and ask them about their credit guidelines. They will often be reluctant to state a single FICO score, but you can sometimes get them to tell you a range. It’s important to make sure you have a fighting chance at approval before applying. A bunch of rejected loan applications will look bad on your credit report--creating a vicious cycle that makes it even harder to get a loan.

Bad Credit Car Loans: A Typical Story

Stephen got a credit monitoring service to provide him with his reports from three credit bureaus, as well as their three FICO scores. He was shocked to find his credit score was 560. He was reported as having defaulted on one of his students loans, which was incorrect. He was able to get that removed quickly. But his credit rating was still well below 650.