If you are ever in need of fast cash to cover an emergency expense, you might be considering taking out payday loan to help ease the burden. Because of the high interest rates that come with payday loans, however, and the very short payment terms, payday loans can actually cause more trouble than fix. If you are unable to pay off your loan fast, you can find yourself quickly spiraling down a dangerous cycle of debt. It can get frustrating, expensive, and downright scary.

Knowing that, you might be curious about what kind of other options there are when you need a fast loan. Luckily, there are quite a few options at your disposal.

Take a credit card cash advance

Credit card cash advances are known for being incredibly expensive, but still, they are often cheaper and less predatory than payday loans. For any borrower with a reasonable amount of confidence that they will be able to pay back their loan within a few weeks, a credit card cash advance could actually end up being rather cheap.

Of course, the main danger with these types of loans is that the balance will take time to pay off and the interest can spiral out of control in the meantime. On the other hand, the very same can happen with payday loans and in a much shorter time frame, so a credit card cash advance can definitely be something to consider.

Apply for a peer-to-peer loan

Peer-to-peer loans are a good alternative because the money that borrowers get is funded by investors, not banks. That means approval rates are much higher. Even if you have poor credit, interest rates top out at about 30 percent. While that is a bit higher than the average payday loan interest rate, the one thing that peer-to-peer loans offer that payday lenders don’t is a higher minimum loan amount, which means you could end up getting more money if that is what you need.

That makes peer-to-peer loans perfect if you are trying to fund a startup business or something that requires quite a bit of capital.

Also, payment terms are longer and much more flexible so that you can actually have the time you need to raise the money necessary to pay back your loan. Beyond that, there is also no penalty for prepayment on the loan which can come in handy if you gather the cash before the end of the payment term and want to save yourself some cash.

Take out a car title loan

Car title loans are somewhat like payday loans in the sense that they are typically short-term, and typically fairly small. The way that a car title loan works is you trade in your car’s title for a fast cash loan.

While car title loans do come with a certain amount of risk, because they are secured loans, they can offer a huge amount of help during your time of financial need.

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Car title loans are directly related to the value of your car, so If you a car with a high market value, you could be offered a fairly large loan – much larger than the typical payday loan. Interest rates are also usually quite a bit lower for title loans than they are for payday loans.

The important thing to remember when seeking out a title loan is to find the best lenders in your region. The best lenders will often be the most flexible, most dependable, and most willing work with you.

Negotiate with your creditors

If the primary reason why you are considering taking out a payday loans is because you are dealing with credit card debt or other lenders, consider contacting them first and explaining your situation to see if you can negotiate a new deal.

You’ll be surprised how far a different payment arrangement, lower interest rates, discounts, or waived late fees can go in terms of lessening your financial burden.

Pick up an extra part-time job or side hustle.

This is completely dependent on your current work schedule, but one possible option to making more money is to simply start working more.

Be creative and look for a job that you can do from home, or a freelance gig that you can do only when you are in need of extra cash to make ends meet. You could also simply ask your current employer for increased hours or a wage increase. Alternatively, consider selling potentially valuable belongings that you either no longer need or no longer want.

The only requirement when it comes to this solution is hard work. No one is going to give a job to you just because you need it. You’re going to have to work just to find work, and that’s on top of the job you already have. It can be hard to motivate yourself to do this, so make sure you have the time and energy to actually do an extra job before you start looking for one.

Ask for a loan from family or friends

This might be a tough one to get the courage to do, and sometimes it is better to not mix blood and money, but it is definitely one of the most forgiving options on this list. If you are worried that this may strain a relationship, keep in mind that you can approach someone you are hoping to borrow from and frame out the loan in a very professional manner.

Set up payment dates, set up a payment term, or offer something as collateral for your loan. The benefit of this is that obviously, personal relationships are going to be more forgiving than business ones. They may charge a miniscule interest rate compared to other lenders, or no interest rate at all.

None of these options are ideal. Ideally, you do not have to consider taking out a loan of any kind to make ends meet, but that it not always a realistic desire. If you are in need of quick cash, a payday loan could be the right option. You owe it to yourself, however, to exhaust the other options available to you as well before you make your final decision.