If you are looking to borrow a payday loan to cover for a short-term contingency, you would perhaps want to borrow the money from a payday loan business that offers you the best rates of interest. You will have to make your enquiries and come to a conclusion about which business can give you a rate of interest suitable to your requirements. You probably feel that lenders would not be willing to listen to your request for a reduction in the interest that is being charged. However, you will do well to talk to the lenders about this matter before you agree to the terms and conditions mentioned in their agreement.
You must understand that lenders are facing intense competition amongst themselves apart from a number of online lending agencies that all looking to grab the attention of any prospective client. Under the circumstances, you will do well to talk to a number of lending agencies before you finally commit yourself and decide to obtain the loan from any single lender. If you are a first-time borrower and have above average credit scores, you could very well ask the lenders for a lower rate of interest for the money you are looking to borrow. Perhaps you could convince them that the money is required by you to reduce mortgage by some extent.
In all likelihood, the payday loan business you approach for the loan is going to look adversely at your application to start with. However, if you can convince them that you are willing to walk away to the office of another lender, you may very well be accommodated with lower interest rates. Lenders do not like to see a client walk away without being satisfied. They will do everything within their authority to make certain that you stay on as a client with them. They will surely know that you will walk away and take your business elsewhere unless they accommodate your requirements. You may be required to visit a couple of lending agencies before you finally meet with success. However, you will have achieved the objective of getting lower rates on the payday loan you were looking for.