Although payday loans and short term loans get the job done as quickly and efficiently as we like, there are plenty of other options you should take first. As a lender, we do not advise anybody to immediately go to a loan to fix a slight issue you may have. This is because they do not suit everybody and can be damaging. Therefore, we try to influence people to take other steps before applying for any kind of loan. Finding solutions which are as fast as a loan is very difficult, but that does not mean that you cannot find them. To help you out, we have created a list of three different alternatives. This way, you have new ideas and routes to take when you feel as though a loan is your only option.
Borrow from those you know
Borrowing from those you know, like friends or family is definitely one of the first options you should take. Although it may be an awkward question to ask, most people will be willing to do everything they can to help you. Nobody wants to see their family or friends financially unstable. Along with this, usually friends and family may be a little more lenient with repayments, giving you time to get back on track and in a stable position again. Although, you need to ensure that you treat this maturely as you do not want to cause any strain on any family or friend relationships.
Get help from your local welfare assistance scheme
Unfortunately, some struggle to afford the bare minimum like food, heating and clothing. Being put in a position like this is not something which can be solved with anything like a loan. But, there are other options including your local welfare assistance scheme. To find out more information on this, read here.
Create a side income
If you are somebody who already works a job and gets a wage, maybe consider a side income. This does not have to be anything which will take up all of your time. Just something which will give you an extra flow of money when you need it the most. Here are some popular examples: Selling your unwanted items and online surveys. Not every source of income has to take you multiple hours, you just need to look for some better ideas. For more help on finding creative ways to make money, click here.