Payday Loan Alternatives
When people take out a payday loan, they take the money they need with the intention of paying it back in two weeks or less. However, payday loan customers on average remain in debt for around five months, paying nearly double in interests charges alone. When you are in need of emergency funds, there are a variety of more affordable options to choose from.
- Sell Items You Don’t Need
Depending on how immediately you need the money, you can sell or pawn household items you no longer need. If you have a gaming system or grill that’s doing more collecting dust than providing you with any value, you can earn some extra cash and clear out additional space in your home through selling these items.
- Borrow from Friends or Family
No one likes to cave in and ask their friends or family for help, but as long as you’re honest, people may be more willing to help than you think. Before you ask someone for financial assistance, make sure you have a clear plan as to when and how you will pay the money back to avoid broken relationships with those closest to you.
- Take Out an Installment Loan
When you are in need of cash loans in Pasadena, TX, Guarantee Loan Texas can help! Instead of going through a payday lender, you can take out an affordable loan of up to $1,350 for any emergency expenses you need to cover. Whether it’s for car repairs or unexpected vacation expenses, we’ll help you get the money you need, when you need it.