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For many people, payday loans can be a godsend. The ability to receive quick loans in order to help with unexpected bills or money troubles can really get you out of a bind in some instances. However, it's important to remember there are other options when you're faced with financial difficulties. Before deciding to take out payday loans, there are other avenues you can explore before deciding whether or not payday loans are right for you.

If you have or are going to have a late bill payment, contact bill collectors and ask if they can work with you. Nowadays, with the economy the way it is, a lot of companies are more than willing to give you options for getting your bills paid. If they can give you an extension or allow you to pay what you owe in increments, it's probably not necessary for you to take out quick loans. Payday loans can and should be used, however, if your payment will be late and you'll be charged a large fee. In the end, the charge of the quick loans may end up being less than the fee.

Look in to programs through the government or your community which may help you with unexpected costs. Many communities have small funds set up for struggling people which can help pay your heat bill or sudden medical expenses. While these programs can usually only be used once or twice, they can help you get your finances back on track. Unfortunately, many of these programs are being canceled because of budget cuts, and in that case payday loans may be a good option for you.

Pay close attention to your bank statements. Many people end up taking out quick loans because they accidentally overdrew their bank account or wrote bad checks. This is something which can be avoided by simply keeping track of all of your financial transactions. Some of the banks charge exorbitant overdraft fees, many of which are applied daily and can quickly put you in a debt that's hard to get yourself out of. Unfortunately, even the most avid checkbook balancer can make a mistake now or then. If that's the case, payday loans can let you quickly take care of any fees you may owe so you don't dig yourself into an even deeper hole.

Talk to your friends or family members about borrowing money for a short amount of time. These loans are usually interest free and can save you the trouble of filling out lengthy applications. For some people, however, borrowing from friends and family is just not something they are comfortable doing. If you need quick loans and don't believe in borrowing money from friends, payday loans can assist you.