When it comes to the emergency need of money Payday loans are the best options. But these are not alone to help you out, there are other alternatives which can be helpful.
12 million people in the USA spend about $ 7.4 Billion taking out payday loans with an average amount of $ 375.
Out of these only 14% of the people can repay it, while 41% need cash injections to repay it. The actual cost of loan after 5 months can be increased to $ 520.
There are far less expensive ways of borrowing which cut short on pocket like auto repayment, pay day advance from employer, small personal loan etc.
Earning from your hobbies and asking your creditors to extend the due date is always helpful. Also getting rid of stuff which might not be necessary through garage sales or E-bay is helpful too.