Thinking about taking out a payday advance loan but worried about falling into a debt trap? Read this real-world scenario of how one person navigated maze of payday advance loans to stay out of debt.

Ever wonder how some people manage to take out expensive payday advance loans and still come out on top financially? It’s not easy, but it is certainly possible. This is story of Emily, one person who used a payday advance loan to dig herself out of a financial rut.

Emily’s charge card, car payment, cellular phone bill, and rent were all due in three days, $1,500 total. Emily had $500 in bank. Her monthly pay check wouldn’t come for ten more days, and her boss said no to a payday advance. Loans were out of question, she thought. She needed money in three days, and a bank loan would take that long just to mail her paperwork.

If Emily was late paying her $300 credit card bill, she would incur a $35 late fee which would make her balance exceed her credit limit, earning her a $50 over-the-limit fee. She couldn’t afford to be late on her car loan, cellular phone or rent, even though there were no late fees. Having paid each of those bills late a few times in past, she’d be skating on thin ice if she did it again.

Cash Advance Payday Loans: Emily’s Salvation?

Emily decided to apply for a cash advance payday loan. She knew it would be foolish simply to trust a lender of these loans for information. Searching on internet, she found a website that did not belong to a payday advance loan lender, but instead reviewed payday loan lenders.

She visited website of online payday advance loan lender that was rated particularly well. Emily knows there are a lot of cheats on web, so she was careful. Here’s what she looked for:

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: