There are predatory lenders out there if you need quick funding. Any loan with high interest rates or numerous fees should be avoided. One of these worst ways to borrow money are payday loans, but any short-term option can be expensive and difficult to repay.,Not every lender is trustworthy. Research a lender’s ratings through the Consumer Financial Protection Bureau (CFPB) to see if it has a lot of credible complaints against it. Just because a lender looks credible doesn’t mean it is. You can avoid traps like high interest rates and hidden fees by researching lenders before you sign any agreements.