By now you probably know that payday loans do more harm than good. Sure you can get fast cash with no credit check, but what you will pay in interest fees can be ten times the amount you borrowed. More trouble creeps in if you miss a payment or are unable to pay, sending you into a disastrous financial spiral. If you want to avoid the headache of payday loans, try one of these alternatives for boosting your income:
1. Sell some stuff — people underestimate the proceeds from a good garage sale. Chances are you have a few hundred dollars in items that you never use or don’t really need anymore.
2. Get another job — there are tons ways to earn money that don’t take a lot of your time. Delivering pizzas one or two nights a week and yield hundreds. Online surveys and research forms are another quick and easy avenue.
3. Negotiate with your creditors — many lenders are willing to offer reduced payments or a temporary suspension of payments. They are far better served working with you than risk losing the battle in a Dallas bankruptcy case.
4. Local banks or credit unions — if you absolutely must have a loan of some sort consider a smaller bank than a big named one, they are often more flexible with their lending practices.