Here is a good list of potential alternatives to payday loans. As you should be aware, payday loans don’t normally have the best interest rates. For this reason, it is highly advised to settle such loans in an immediate and timely manner as they are intended: right on your payday.
At any rate, here are possible alternatives to payday loans. These will all vary in their interest rates and accessibility. Very few will offer the flexibility of payday loans.
- Credit unions
- Credit payment plans
- Paycheck cash advances from employers
- Overdraft protection
- Cash advances on credit cards
- Emergency community assistance plans
- Small consumer loans
- Direct loans from family or friends
- Online people-to-people lending marketplaces such as Prosper.com.
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