Payday loans are becoming more popular, and more in demand, as the global credit crunch continues. But can the average consumer in Singapore afford to use one of these short-term loans? That is a question that many people are asking right now. And rightly so, because unless they go about finding the best licensed money lender in Singapore, who is interested in helping consumers, a borrower can end up paying more than they should.

If you have decided that applying for a cash advance is your best option, how should you go about it online? First, don't borrow from the first online money lender Singapore you pull up in Yahoo, Google, or your other favorite search engine. Not all payday loans are the same, and you can usually find a deal that best suits your needs. Look for licensed money lenders in Singapore and limit the number of extensions or rollovers on offer. Avoid using websites that are slim on information. These sites are nothing more than "landing pages" for companies that sell applications to true Internet lenders. A true online money lender Singapore will have more than a few pages describing the terms and conditions of the loan, provide contact information with a telephone number, address, and often provide a "Live Chat" feature.

Many of the licensed money lenders in Singapore have gone online now, and so it becomes easier for you to make a comparison across several lenders. This analysis will allow you to arrive at a single cash advance lender amidst a collection of many of them. This procedure is no doubt the cheapest and the fastest method for you to find a reputed lender.

A reputed money lender Singapore will be very transparent regarding all terms and conditions and will not have any hidden fees that might be involved in the payday loan application. If the cash advance company is a licensed company and you can find proof of the same on the website, then you may go ahead to get your cash advance from the lender.

There are many short-term payday advance lenders online offering their services. Borrowers should use these guidelines to ensure they are dealing with a scrupulous online provider. Too often consumers fail to seek out the best lenders diligently and are often forced to deal with a lender who doesn't have their best interest in mind.