Payday loan is one way to earn quick money better used for business purposes, and suddenly the cost of capital. The easy of process of borrowing makes us so tempted to use them and also without any collateral at all. But without us knowing the actual rate offered is very high compared with other traditional loans in the market. This is because it is offered for a short time without any collateral. But many who end up trapped and unable to cope with the debt of this payday loans. Here are some tips on selecting the right payday loan: Borrow to suit you. Avoid borrowing from your requirements, because the larger the loan, the greater the interest to be paid. Choose a short period of time, because the shorter the better and quickly paid off with a relatively low rate of the long term taking. Survey company's lenders who have the interest that is lighter and can also be short term. Avoid using a payday loans to buy consumer, such as buying a new goods or closing your credit card debt. We recommend that if you are caught in the payday loan, you should immediately consult with the company's lenders to resolve the issue.