Online Payday sources

Get financial information handy. Get proof of employment for the past 6 months, drivers license, and a recent bank statement. If you decide to get a payday loan, the payday lender will need to verify that you are a U.S. citizen and that you have employment or a bank account. Usually the payday lenders are not as strict with your employment situation.

Peer-to-peer. Peer-to-peer has revolutionized the lending market by connecting borrowers and individual lenders. This method allows you to find thousands of potential lenders who are willing to take risk on people with bad credit. You can use a search engine to find these websites.

Online payday loan. The lending environment has also changed by allowing borrowers to get short-term loans online through payday lenders. The requirements are similar and require you to fax proof of employment and bank statements. Be careful with this as there will be some lenders who aren't licensed.

Compare all interest rates. After going through all the potential lenders and interest quotes, decide which has the lowest rate and make judgments as to which lender you will be choosing. Also consider the dates that you are required to have each loan paid off completely and compare that date to the interest you will have to pay each month.

 BBB. As always, verify all payday lenders and peer-2-peer lenders through the Better Business Bureau website to confirm they are legitimate. Even if a lending site seems legitimate, at least confirm they are licensed to lend in your state. You can verify each lender by going to the BBB site and typing in the exact name of the company as it appears on its website.