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Thursday, July 24, 2008

About Credit / Debt Management: 15 Payday Loan Alternatives

About.com    Credit / Debt Management
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  from LaToya Irby
I haven't talked about payday loans as much as I should have. So to make up for it, in this issue, I not only tell you why you shouldn't take out a loan, I give you 15 options you have when you're in a financial bind.

 
In the Spotlight
Payday Loans - The Ultimate in Predatory Lending
If you've seen horror movies where unsuspecting teenagers get caught in bear traps, then you can picture the type of damage payday loans cause. You walk into the office thinking you're just taking out a $200 loan until your next payday, you'll pay it back when you get your check, and everything will be fine. Find out why that's seldom how it goes.

 
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15 Payday Loan Alternatives
When I started thinking about it, I was quite surprised at the number of ways you can come up with quick cash for emergencies. I bet those bear-trap-trapped teenagers would be happy for a guide like this. "How to Avoid the Bear Trap - #1 Look where you're going when you're running."

 
How to Take out a Credit Card Cash Advance
A cash advance on your credit card is one way to avoid a payday loan. But, if you're not careful, the cash advance can be just as costly as one of those quick cash loans. So, before you swipe your credit card for cash, make sure you know the right way to take out an advance.

 
 
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