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Tricks to Find Payday Loan LendersOf course, you can simply find so many Payday loan lenders out there. This is true if you are looking forthe ordinary providers. However, if you are looking for some banks or financial institutions that can offeryou great rates and terms, then they might be hard to find. This is because most of them impose veryhighannualpercentagerate(APR)thatreachto2,500%.While this is the average, it does not mean that youcan no longer find someone that can offer you something that is more attractive than this rate. As amatter of fact, in the midst of the negative reports popping out about payday loans and other quick orinstant loans, there are still some lenders that can be competitive enough to provide decent types ofloans with desirable terms and conditions. The following are just among the tricks for you to find thosegood.Get the Average Prescribed APR First and foremost, you can determine if a lender is a good orcompetitive one if it can offer terms, specifically APR, which are lower than the industry average.Usually, the central bank (e.g. Bank of England), publishes the average APR of the industry as well as themaximum that banks can impose. If the lender that you found is close to reaching the ceiling of theprescribe APR then h atank i snotincludedinthosegoodones.As much as possible, find that lender that isclose or lower than the average of the industry. Account for the Perks Aside from the nominal terms,you must also account for the other perks that the lenders can provide. Usually, it is not just about themoney. For instance, some people think that good Payday loan lenders should be able to provide themconvenient platforms in order to diminish implicit transaction costs. Specifically, maybe instead ofspending for transportation cost and bank charges in depositing payments for the loan, a good bank orlender should be able to have online payment platform or automatic debiting.