![]() The interest rate on these loans is capped at 28%, making them a lot cheaper than even some traditional personal loans. Some credit unions offer payday alternative loans to eligible members. If your employer doesn't offer payroll advances, services like Earnin, MoneyLion, Dave and Brigit allow you to get a payroll advance with little or no fees or interest required. While this can cause some problems when you need that money later on, it can give you some time to figure things out. Your employer may be willing to provide an advance on your next paycheck. Garvey says, "Some nonprofit organizations, such as the Mission Asset Fund, offer lower (or even 0%) interest loans." You may also be able to find this type of help through local nonprofit organizations, charities and religious organizations. If you're looking for fast cash to cover any of these, you may be able to get it with no strings attached or expensive debt. These programs can provide help with medical bills, food, child care, utilities, emergency expenses and more. Depending where you live, your state or local government may offer access to temporary financial assistance. This reduces the chance you'll need to reborrow to pay back your debt. ![]() Interest rates and fees can still be higher than what you'd pay with good or excellent credit, but they're likely much lower than what a title lender will charge you, and you'll typically get a longer repayment term. Some personal lenders specialize in working with people who have bad credit. But if you have trusting relationships and are confident you can pay back what you borrow, consider asking for an unofficial loan. Going to family members or friends for money isn't easy.
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