Although payday loans are very handy when you are dealing with unexpected situations and you need some cash immediately, they also have very high interest rates that you will need to pay off within fourteen days.
If you want to avoid having to pay a lot more than you actually borrowed, then one solution is to plan ahead and always keep some money stashed away for rainy days or unexpected situations. You can keep the extra money that you got left after paying your loans and bills, either in a savings account or somewhere around the house where you will not feel very tempted to use them.
If you do not need a large sum of money, then you should consider asking certain members of your family or friends to lend you the cash you need as an alternative to applying for payday loans. It is rather difficult to admit to your family or friends that you have financial difficulties however, this method is one of the best ways you can get some money. One of the biggest advantages of this method is the fact that you will not have to pay any interest at all and, depending on the financial situation of the person you are lending money from, you may not have to return them until you get back on your feet again.
Another way you can get some cash without having to pay any interest rate is by selling an expensive asset that you do not really need or use. However, before you do that, you need to make sure that none of your family members has a problem with that. In addition, you need to consider the plans you had for that asset in the future. Alternatively, if you do not need a large amount, you can always organize a garage or yard sale.