There are cheaper options than a payday loan.
Before paying 300%+ APR on a payday loan, explore these alternatives. Many cost nothing, some are available the same day, and all are cheaper than a typical payday loan fee.
Check if you actually need a loan
Many people who think they need a payday loan actually have a timing problem. Use Balance On Hand to see exactly when your bills hit and when your next paycheck arrives.
Try these before a payday loan
Negotiate with your creditor
Contact the company you owe directly. Many utility companies, landlords, medical providers, and credit card companies offer hardship programs, extended payment plans, or temporary deferrals. A late fee is almost always cheaper than a payday loan fee.
Credit Union Payday Alternative Loans (PALs)
Federal credit unions offer PALs with a maximum 28% APR and application fee of no more than $20. Loan amounts range from $200 to $2,000 with 1–12 month terms. You must be a credit union member.
Employer paycheck advance
Ask your employer's HR department whether an earned wage access (EWA) or salary advance option is available. Many employers now offer this at zero or low cost through partnerships with payroll providers.
Community assistance programs
Local community organizations, churches, and nonprofits may offer emergency financial assistance for rent, utilities, food, and other necessities. Call 211 or visit 211.org to find resources near you.
Small-dollar bank or credit union loan
Some banks and credit unions now offer small-dollar loans as an alternative to payday lenders. These typically have lower APRs, longer repayment terms, and may report to credit bureaus to help build credit history.
Payment plan with your bill provider
Electric, gas, water, and phone companies almost always offer payment plans. Medical providers are required to offer financial assistance at nonprofit hospitals. Ask before you borrow.
What to do if you cannot get a loan
Which bills are due first?
Use Balance On Hand to identify which bills are truly urgent (eviction, utilities shutoff) versus which can be delayed with a phone call.
What can I delay?
Contact creditors proactively. Explain your situation. Most will work with you on a payment plan rather than send you to collections immediately.
Community resources
Call 211 for local emergency assistance. LIHEAP helps with energy bills. Local food banks reduce grocery pressure. Churches and nonprofits may have emergency funds.
Know your cash flow before you decide.
Balance On Hand shows you exactly when money comes in and goes out. If you have a timing problem rather than an income problem, you may not need to borrow at all.
Balance On Hand is a cash-flow planning tool. It does not recommend any specific lender, loan product, or financial service. Availability of alternatives varies by location and eligibility. Contact providers directly to confirm current terms and availability.