Payday loans have become significantly prevalent mainly because more and more people are finding themselves in serious financial situations. In my case, whenever I mya need a cash advance without guarantor, the fist solution that comes to my mind is to take out an instant cash loan through legitimate payday companies.
When I first considered applying for an overnight loan, I got so thrilled to find out that the requirements and the application process are easy to comply with. Also, because of my negative credit record, I thought I needed a loan without guarantor. With other lending institutions, I would need at least a clean credit history along with other documentation. This is actually what I hate the most specially that I know I cannot comply with them.
While instant faxless loans seem to be the best option when I need a loan without guarantor, I realized there are also a lot of risks that come with these loans. That said, I came to realize that I should first consider all my other options before I settle for any type of short term unsecured loans. Here are some of the alternatives I seriously considered.
Negotiate with Creditors
In order to pay for my debts, I thought I needed a loan without guarantor to solve my problems. It was not until a friend of mine from a credit company told me that I should try to negotiate with my creditors regarding the payment scheme I could use to settle my debt. Not all of us are aware of it, but most states actually protect consumers by requiring credit companies to offer a good credit payment system to their borrowers.
Use Your Credit Card
Credit cards are known to be a great source of money during the most trying times. But without discipline in using your credit card, you may end up with huge debts as well. As I need a loan without guarantor, I feel that it would be easy to learn how to utilize my credit card to make sure I do not spend beyond my limit. By doing this, I can also learn to live within my means and stop relying on loans to get funds.
Cash Advance from My Employer
The worst thing you could expect if you try to apply for a cash advance from your employer is that he would say NO. This is unlikely, however, because it is part of an employee’s rights to file for a cash advance especially during emergencies. When I am in a situation where I need a loan, I then turn to my boss to get my salary in advance.
Ask Help from Relatives
When I need a loan without guarantor in order to pay off my other debts or just to cover unexpected expenses, I instantly think of online payday loans. But then I began to realize that there is actually no need for me to take out such expensive loans especially if I could borrow money from a relative or friend. Through this, I would at least not have to worry about the interest and short loan term.