Payday Loan Advice: Questions to Ask Your Payday Loan Company

1. Most payday online payday loan companies will give you your first loan fee free.  If they do not ask them for a discount after you have been approved.  Many will cut their fees to get your business.

2. Check out the loan renewal policy.  Online payday loans can normally be automatically renewed by logging onto your account.  You will want to know your company's policy on renewal so you are actually paying down the principle of your loan.

3. No fax policy.  All companies claim to be no fax.  What that generally means is that they will accept scanned documents. Only very rarely will the company accept no documents.  Almost all companies will reimburse your faxing expenses. Ask them their policy.