There’s no such thing as a cheap payday advance loan. But there are several ways to keep your fees low. A payday advance can be a life saver. If you don’t have a cash savings or credit card, you’ll need a way to acquire quick cash during an emergency. For this reason, a payday loan can work to your advantage. Unfortunately, because these loans involve high fees, many people shy away from cash loans.

1. Pay off the loan within a week: All payday cash loans feature two-week terms. In other words, full repayment is due within two weeks, or your next paycheck. Because interest incurs daily, one way to lower your fees is to pay off the balance within one week – if possible, sooner.

2. Get a small loan: If you only need $500 until your next paycheck, fight the urge to borrow additional cash. You can get a loan with no credit, bad credit, and no collateral. It’s the easiest loan you’ll ever acquire. Hence, there’s always the temptation to go a little crazy.

3. Don’t submit late payments: Some payday advance companies allow borrowers to extend their loan terms. You’ll avoid late fees, but you’ll pay additional fees and interests.