Since the precious sequel on this topic went into detail when other types of loans are concerned, this section will deal with the alternatives to payday loans that are actually some simple steps and actions that you may take in order to alleviate the burden of the existing loan or, even better, to get rid of it. Some of those you may find silly and some quite useful, but they can all come in handy depending on the type of your situation. So, let us have a look at some of them.
Fast loans in the UK
For instance, you can try and talk to your lender about the due date of your loan. If you know that you will not be able to pay it back, the lender may then let the company know about your situation. In this case, many companies will extend the repayment period (not too much, of course) and without any additional fees such as the late fee and they will not make a report to the credit bureau.
Another useful thing may be asking your employer to give you a payday advance. Basically, this is pretty much the same as payday loan, but you will have no additional fees. Sometimes employers even allow you to repay the debt over a longer period of time – on several succeeding paydays.
Further on, there exist the so-called emergency hardship programs on the local level where you can ask for help and they may give you money to help you. Other humanitarian organizations may be of help as well.