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Alternatives to Payday Loans
#21
Personal Installment Loan – One alternative is a personal unsecured installment loan from a responsible lender such as a credit union, bank or other financial institution. According to the Center for Responsible Lending, in contrast to payday loans these products feature: Minimum 90-day repayment.
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#22
One of the best alternatives of payday loan is to negotiate a payment plan with the creditor. If you’re having trouble with your monthly bills or need an extension, you can call your creditor or utility company and ask for more time. You’ll be surprised how many are willing to work with you and offer an extension. Some make it very simple by making a short extension an option on their website. It’s good to keep in mind that making late payments without contacting the creditor can drag down your credit score if your payments are being reported to the credit bureaus.
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#23
I recommend to go to your friend and tell him to lend you money because if you ask a friend there's no interest rate and its safer to a any lending people that lend there miney that have a big interest.

Its also useful to have an installment loans because you can pay your debt per month or per week its helpful for a student that not have enough income every month.
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#24
Otherwise, it's worth considering the following alternatives to payday loans.
Negotiate a Payment Plan With the Creditor. ...
Ask for an Advance From Your Employer. ...
Borrow Money From Your Savings Account. ...
Consider a Credit Union Loan. ...
Ask a Relative to Lend You the Money. ...
Consider Credit Counseling.
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#25
(01-09-2018, 01:37 PM)Michael Puttman Wrote: US News & World Report has a list of payday loan alternatives. I disagree with this article because they include taking money from your 401(k) retirement savings as an alternative. I would never, ever do that to cover a $300 to $500 expense.

Well I guess the best alternative to payday loans is to borrow money from your closest friends or relatives. They might lend you money without interest. That is what I'm doing every time I am short on budget. Just always make sure to pay it on the promised date to avoid conflicts with your relatives or friends. I'm sure you don't want to lose a friend.
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