Alternatives to Payday Loans

Just do a quick Google search for payday loan, cash advance, or fast cash will paint a pretty accurate picture of how well marketed and readily available these loan types are. They have popped up on just about every street corner and you can get money usually within the hour. Most don’t require you to come inside an office. Just a quick visit to their website, fax your bank statements, sign a form, and money is within your account usually within a twenty four hour period of time, and some even within the hour. Did you know that someone taking out a loan for just five hundred dollars will on average pay $1220 just in fees alone! This is certainly a money making industry. So if this isn’t the best way to get a quick much needed loan, what is?

Search through the garage and pull out items that are no longer used that you might be able to sell on eBay or Craigslist. This is usually a fairly quick way to get some fast cash and best of all you won’t be paying interest on the overall dollar amount! Just remember when selling online, that there are other sellers and probably with similar merchandise. Don’t overprice your items. If that is a concern you have, then use eBay where you are sure to get the most a buyer is willing to pay, without losing the buyer. There are even eBay selling stores at larger cities and it usually costs very little to sell your items.

If you are lucky enough to work for an employer that might consider a pay advance, don’t be afraid to ask. The worst that will happen is you will be told no. Make sure that you have a good reason for asking before you do so that your employer can see you sincerely need the assistance and will be more inclined to help.

If a pay advance isn’t possible, why not work some overtime? This is usually a great way to pick up extra money and is very much worth the time and effort since you are being paid time and a half if not double time. If your current employer can’t offer you the option of working overtime, consider taking a side job. If you have a hobby like playing the piano, consider giving lessons. You may find customer that prefer you because you can charge less than someone who does this full-time. Landscaping, painting, and photography are just a few examples of ways to pick up extra cash.

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