Theory, you will say. I need money now. Do not panic; look at alternatives to payday loans:

1.If you are due to payments, call your creditors and ask for a delay to you payday. Most creditors agree to this and interests, if any, are usual much cheaper than payday loan fee. 2.Use your credit card if you have one and pay back before due date. Most credit cards do not have any interest if you are paying back within a month and cost of withdrawal is lower than $20 per $100. 3.Ask your local bank for a loan of same amount as payday loan amount. You will get much lower interest and, if you want, a repay plan. 4.Ask for a loan quote on an Internet bank, time before you get money might be 1-2 days longer than with your local bank. 5.Ask your employee for an advance payment.

When should you consider a payday loan? If you really need money and all of above suggestions are out of question, then payday loan might be your solution. However, try to let it be a one-timer…

Fill Out A FAFSA Form First! Have you tried filling out your FAFSA form yet? If not, you may already be entitled to financial aid and/or loans and scholarships that could benefit you! While it is not required for you to fill out FAFSA form to receive a federal PLUS loan, be aware that you could receive thousands of dollars without even having to use your parents’ credit in first place. Still, if you are not eligible for any other scholarships, federal PLUS loan will enable you to receive financing for any portion of your college or university bill not covered by other financial aid (i.e. If college costs you $5000 a year and you already receive $4000 in financial aid, a PLUS loan will lend you other $1000). Federal PLUS loans can help put you through college, even if you do not have a solid line of credit yet.

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