So your car broke down, and one of the kids got sick. And now, you're stuck with bills you can't pay and medicines you can't buy. What's the cash-strapped to do? You could apply for a loan from the bank or get loans till payday from lenders online. Before you do so, however, there are things you need to consider.

1. What will the loan cost you? Borrow only if it's to your advantage. If the loan sets you back and costs so much you will end up deeper in debt than you started out with, then it makes no sense to get the loan.

2. How pricey is the fee? Fees for loans till payday are calculated using a variety of methods. In one method, a set free is charged for a certain amount of money borrowed. In another method, the fee is calculated as a percentage of the loan.

3. What interests apply? The law requires lenders to inform you about the Annual Percentage Rate that applies to your borrowing. The APR is calculated based on many factors, among them how much you're borrowing and how long it will take you to repay the loan.

Getting loans till payday could be the answer to cash emergencies that come up every now and then. Note, though, that whatever you borrow should be repaid - on time.