How To Get A Payday Loan
If the worst has happened and you find yourself in need of a payday loan, there are some things that you need to do before you rush off and apply with the first lender that you find. Please take a minute and review some steps that could save you a lot of grief and probably some money too.
- Calculate just how much you need.
Right out your bills and subtract your income and see just how much money you need. Get a hard total and then round up to the nearest hundred. This is how much of a loan you need, at the moment. But wait, first lets try to reduce this amount to save you some fees.
- Eliminate non essential items.
Slash your food budget to pay for nothing but peanut butter and jelly until your next paycheck. Also cut out non essential bills like cable. If you need a payday loan, you can not afford cable.
- Call your creditors and ask for extensions.
You might be surprised at how many will give you extra time to pay. Some of your credit card companies may even allow you to make interest only payments.
- Sell some items on craigslist.
Got an old TV that you can part with or maybe a sofa that is taking up room int he garage? Post it on craigslist and get some extra cash to pay those bills.
- Look for alternative funding.
Ask friends or family if you can borrow a few dollars. Every little bit of money that you can borrow is money that you can repay without fees.
- Recalculate how much you need.
Now, recalculate just how much money you need to borrow. Hopefully the amount has gone down drastically.
- Apply for your payday loan.
Now, you can apply for a payday loan. Hopefully you use one of our partners, but if you use another lender, be sure to get a clear list of all fees involved in the loan before you commit.