What are the alternatives to payday loan?

I think the alternatives to payday loans are to be
used wisely because they can be consider as a painful burden to our wallets. Payday lenders typically lend
money because knowing that we need a loan now we will
never get out of debt. They continually collect renewal
fees and we end up paying back 3x of what we borrowed.
I think we should choose other alternatives to get a
hold of our financial life. Maybe making payment plans with our creditors. Doing this will not only pay off what you owe but will also increase your credit and you will be able to gain control of your finances. A second alternative
maybe overdraft protection on your account to keep debts from going back to these companies. Also you could try credit union loans. These are 100% legal and they are willing to help you with your credit. These are just
some alternatives to payday loans.

According to me payday loans are no good as they tend to extract a lot more money than you actually owe them.Hence I would suggest that one of the alternatives to payday loans would be a cash advance against your credit card.In a cash advance one has to pay a small onetime cash advance fee between $5 and $15 and thereafter a nominal interest on the amount withdrawn against the credit card.

go to your bank, creidt union, or family and friends

Being that I am currently caught in the payday loan trap and having done a lot of research to get out of it, I have discovered several options to a payday loan:

the first would be family or friends, it would be much easier to borrow from a relative or your friends if they have the money to lend, then you wouldn't have to pay back such high interest. The second would be to try and apply for a loan from a credit union or bank.

For urgent matters, I believe the best option would be to start with family/friends. This would be the best option with the least(if any) interest charges.

Your bank may be another option, with the lowest amount of interest--perhaps they can open up a line of credit for you.

Selling items that you no longer need is a quick way to get cash. Even selling DVD's, CD's or jewelry that you don't use and won't miss can help put money in your pocket.

Talk to your creditors and your bank, and explain your situation. If you are upfront with them, they are usually willing to cut you some slack.