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Posted by: kitkat_83704 on 2010-05-06, 10:33:04
If you have some other way to get the money, try to avoid a payday loan. The loan is hard to pay off, and a lot of people end up caught in the PDL trap. If you bank with a credit union, they *might* give you a small personal loan. If your car is paid off, you could possibly use it as collateral for the loan with the CU. Even a title loan is usually better than a PDL, because it has a smaller payment and is only due once per month. If you haven't filed bankruptcy in the past 10 years, you might try CitiFinancial for a personal loan. They'll lend between $300 to $10,000 unsecured, depending on your credit score. American General Finance is another option. I think they will consider you if more than three years has passed since you filed bankruptcy. If you have a credit card with available credit, it would be cheaper to take a cash advance on it than it would be to take out a PDL. If a PDL is your only option, try a company like ThinkCash, First Bank of Delaware, or Elastic Loans. They are installment PDLs that give you longer to pay back. You'll still pay a horrendous interest rate, but not as bad as most PDLs--especially if you find yourself unable to pay them off and have to keep renewing. |
