Because of the rise in personal money emergencies due to the worlds current economic mess, payday loans are getting more and more in demand in the British Isles.

While it is true they are charging very high rates, it is possible to get the cost down from the advertised rate. This is particularly true if you can visit one of the money shops that are popping up in cities and towns around England.

Tip 1 – Window Shop

Do a search for impartial reviews of the loan company you are thinking of using. As an example, if you suspect QuickQuid is the right pay-day lender for you then search for ‚QuickQuid review ‚ and see what others are saying about them.

Tip 2 Coupons

Many payday loan shops will advertise their offers in local free newspapers. There, free cut out coupons are given out entitling you to lower rates of interest. If you’re keen on getting a payday loan, you’ve got to keep a particularly keen eye out for these promo codes.

Tip 3 Negotiate

Negotiation always has a positive outcome especially when it comes to payday loans. This applies most particularly when you are planning to get a longer term loan which will take you more time to pay. Whenever you visit a payday loan company or store, you can negotiate the rate of the interest or charge with the people responsible. You can always speak to the manager if the staff don’t want to barter.

Tip 4 Look At Your Options

Consider a logbook loan instead if you own a vehicle. Try your work manager for a sub until payday – it is not in their interest to have staff in debt and worried about unpaid bills. Another choice is to go to a pawnbroker as the interest rates are far cheaper than other emergency cash lenders and there are no regular repayment plans to worry about.

Anthony Killey is a finance consultant and writes reports and reviews on numerous pay day companies including Wonga and Payday Bank on his blog.