Save up to 95% with these low cost
payday loan alternatives

Before finalizing that paydayloan, ask yourself, "Are there other, cheaper ways to get out of the tight spot I'm in now?" The fact is, there are alternatives to cashadvances. And they can save you some serious money. A payday loan can cost you anywhere from 300% - 1000% annually. Not the sort of money you want to be paying if you can help it. That's why it's a good idea not to rush into taking cash advances.

Don't get us wrong. We believe there are times when this kind of borrowing is the right thing to do. It's just that we don't believe a paydayloan should be the first option you look at. With that in mind, let's check out several alternatives. 

Consider an advance on pay from your employer. Many employers are willing to grant one. Some also extend loans of medium tenors with low interest rates to employees for various purposes. All these are excellent alternatives to a payday loan.

A credit union or a small loan company is another possible source of funds. You won't pay anywhere near the high rates charged for a commercial payday loan or cash advance.

Family and friends are possible sources of funds too. Although many baulk at asking them, if it helps you tide over an emergency, you may find this to be a great source of short-term funding - and support. You can even put in place a good faith agreement in writing that commits you pay them back by a specific date.

Credit cards typically have higher interest rates than most other cash sources - except payday loans. Look at the terms of your credit cards carefully and decide if it makes better sense to borrow on your card rather than take out cash advances.

If you're considering a payday loan to meet other repayment obligations, consider asking your creditors for more time to repay. Find out what the terms are - perhaps there will be a late fee, additional interest charges, etc. Compare the total additional amount you will have to pay your creditor with the charges you will incur if you take out a cash advance. That'll help you identify the lower cost option. Involve your local consumer credit counseling service to help you work out a realistic repayment schedule.

Ask for additional time to pay utility bills. This can free up your cash flow for the moment and may prevent the need for payday loans.

See if you can arrange overdraft protection on your checking account. If the total outflows from your account more or less matches the inflows for any time period, having overdraft protection will prevent costly bounced check charges and deterioration in your credit ratings. And that will eliminate bounced checks as a reason to take a paydayloan. Compared to the cost of cash advances, overdrafts on your account are much more reasonably priced.

The ultimate measure that'll help you avoid ever taking a payday loan is to get your finances well under control. Till then, don't spend money on anything other than the real essentials. Set aside small amounts of money - as much as you can afford - in a savings account each fortnight. The FTC points out that if you deposit the fee you would normally pay on a $ 300 cash advance for a period of six months, you'll have the cash to tide over many financial emergencies.

One or more of these measures can help you get around the immediate cash problems you face - and at a far lower cost than paydayloans. If you get funding at say, 15% from a source above, that's fully 95% below the 300% you might pay on cash advances. It's worth looking at alternatives.

You can get cash in your account in one hour
If you're taking a cash advance, you probably want cash right now, without delays. That's why we recommend a company called We Give Cash. They'll wire you money in one hour. (That's during office hours; if you apply in the evening, you could get cash early next morning). They offer an excellent combination of fast response and relatively low costs. Do check them out. Click Here to get a $500 cash advance wired to you in one hour.

Please note that payday-cashadvances.net does not provide finance of any kind. We basically provide information about payday loans that may help you make better decisions. Be sure to review the terms of use for this site.