How to Save Yourself from Payday Loans: The Alternatives to Payday Loans

And no, dont worry. This isnt one of those asinine articles where the only sensible thing we suggest is that you borrow from your neighbor or your closest living relative. And sometimes, those alternatives arent even worth considering.

Payday loans have been increasingly popular to the blue collar workers of the U.S. of A because of its easy step-by-step-procedure of borrowing and lending. In fact, its 1-2-3-borrow procedure makes other alternatives pale in comparison because you get rid of all those pesky inquisitions regarding the number of checks that bounced (is it your fault that your checks are like basketballs?) or your credit reputation (is it your fault that the bankers youve encountered are all completely without mercy?) and other things that are equally pesky.

But focusing only on the pros and ignoring the cons of payday loans isnt the smartest thing to do. The risks of taking payday loans are sometimes enormous --- allowing people you dont know to have access to your bank account number, signing contracts that simply shun the idea of fair play, paying loan costs that may just help you sink further into bankruptcywhen thinking about all those risks, the alternatives seem quite worthy of reconsideration, doesnt it?

And so, you ask (or demand impatiently), what are the alternatives to payday loans?

First and foremost alternative to payday loans ---

Borrow from your spouse or best friend. Well, at least were original and we replaced the neighbor and closest living relative with other classifications. Okay, were just kidding. Well, not really. It wouldnt hurt to try. It could be an interest free loan. You never know.

Second (and first serious) alternative to payday loans ---

And some people think this is the best way: dealing with it. Talk it out with your creditor. If you show sincerity (squeeze out a tear or two for better effect) towards paying your debt, he might just prove to you that the human race is still worth saving. Now, isnt that show of financial benevolence a more preferable alternative to taking such impersonal payday loans?

Third alternative to payday loans ---

Get an advance. Seriously, being shouted at by your overweight boss is the better alternative than facing penalty fees come next payday because you dont have enough money to cover your payday loan.

Fourth alternative to payday loans ---

Ever heard of pawning? Its a practice as old as..errwell, never you mind about the oldest profession in the world. If you want to know, look it up at the Guinness Book of Records. But getting back, pawning should be another alternative to consider if the rates are comparatively lower to that of payday loans.

Fifth alternative to payday loans ---

Credit union rings a bell to you? No. Well, it should. Go figure or youll be one alternative short from rescuing yourself from payday loans.

Sixth alternative to payday loans ---

If liquor connoisseurs have Alcoholics Anonymous, you, too, have the option to go for counseling. Yes, it does make you shudder a bit to think that confessing your Shopaholic tendencies as an alternative to payday loans, but hey, let it all out. It could help you control your spending ways, you just. Never. Know.

Seventh alternative to payday loans ---

Another advance alternative to payday loan here for you: cash advances on credit cards. It could be cheaper than the rates of payday loans. The important thing to do is research, research and research!

There are other alternatives to payday loans, in fact, if you just research (and you really have to research) about it, youll realize that you dont actually have your back against the wall. Maybe, just an inch or two away from the wall but at least theres still space. Although this article is not implying in any way that payday loans are the shortest paths to financial hell, wouldnt it make you feel better to know that payd