Payday loans: Alternatives to consider

Payday loans: Alternatives to consider

A payday loan is a short-term loan but it's high-cost and risky. 

However, if you don't complete the payment, you'll end up owing more in interest.

Here are some loan alternatives that you  can consider.

1. Take a personal loan from a credit union or online lender.

2. Check if the loan will offer a smaller-dollar loan that can cover emergency expenses. 

3. Borrow from a family member or friend who you can repay without worrying about interest. 

4. Reach out to a local  and regional community organization that provides free funds  to cover essential expenses. 

5. Use an interest-free cash advance app. Check out Line app to get cash now and pay later.