•Consider in making arrangements with your banker regarding withdrawal facility from your checking A/c in order to protect yourself from making extra charges on bounced checks. This facility costs you as little as $5.Sometimes no fee is needed at all!

•When you shop for credit, check APR and other official charges of different credit offers. Thus you can avoid higher monthly charges with lower credit cost. •Many social groups and communities provide urgent assistance either directly or by various social services programmes. For example, I can mention “Federal low income home emergency assistance programme” provides financial assistance to families with lower income.

•There are several loan companies who offer $500 to $100 loan to active in duty & retired military personnel. The APR of these military loans range from 34% to 40% which is 10 to 15 times cheaper than payday loan.

•There are also several Consumer finance companies that provide small consumer loans at a low APR of 60%, which is also cheaper than payday loans.

Do homework when you are about to borrow a payday loan. Look for low interest payday loan. Gather all knowledge about payday loan before borrowing it. For more detailed discussions on payday loan alternatives, visit http://www.ampmcash.com/loan-alternative.html .If you have any problem or query regarding payday loan, join our discussion board at http://www.ampmcash.com/talk.html

Another way subprime mortgage lenders can take advantage of unsuspecting borrowers is by lender having a pre-payment penalty on loan that is unreasonable and not fair to borrower, based on their qualifications. A typical subprime mortgage loan will have a 6 month to a 2 year pre-payment penalty. However, sometimes a subprime lender will offer a loan with a 3 year or higher pre-payment penalty. That is too high, I think a 2 year pre-payment penalty is high, but any higher than that, and you should probably keep looking for a new lender.

Other than a couple of things to be careful of when dealing with subprime lenders, getting approved, even with a slightly higher interest rate, can be a really great thing for you to buy home you want.