Can you please tell me what to look for to take out a payday loan from a legal lender?

Check out the interest rate of the payday loan along with the rollover charges. Also, check whether or not you have to sign a wage assignment with your lender. But I would suggest you to look for alternate options of payday loans before opting for one.

I agree with craigh. You should discover other alternatives of payday loans before hitting the market. You may opt for a monitory help from your family, or you may ask for an advance loan from your employer. Apart form that you may also take out a personal loan or a loan from credit union. Normally these loan interests are quite low than normal payday loans.

There are many things that you need to check for taking out a loan from a legal payday loan company. First, check the state payday loan laws. Find out if payday lending is allowed in your state. If it isn't allowed, then you shouldn't borrow a loan. Next, check the website of the payday loan company and find out if they belong to any tribe. If they are a tribal entity, then you shouldn't borrow from them.