The fact that not all Payday and Installment Lenders are created equal becomes most apparent when seeking basic, quick loans. Therefore, you must be particularly vigilant to avoid some of these smooth-talking well-wishers, especially if you have bad credit or are looking for payday loans in Washington State. Some bad credit lenders may claim "no credit check" or "guaranteed approval," but it's important to be cautious. Some will have hidden costs, while others may hide their rates and terms.