All companies that offer payday loans are not created equally, and it is important to understand this when you decide that you need a payday loan. After all, as with anything, you should shop around before choosing a company to do business with and apply for your loan. There are many reasons that you might decide against a particular pay day loan company. However, if anything on the following list applies to the company you are investigating, run for the hills. 

   1. The company offers no fax payday loans and does not guarantee a 100% secure site.
   2. The company does not offer renewal of payday loans if you are unable to have funds in your bank account on the maturity date.
   3. You will have to pay more than $135 for a $100 payday loan due to excessive interest rates and finance charges.
   4. The company requires a credit check. These are likely a scam, because credit checks have nothing to do with payday loans no fax required as a general rule.
   5. The company does not display a clear privacy policy swearing not to release your personal information to a third party, or the company does not provide clear contact information including street address. These may also be scams to get your information.