Take out an alternative payday loan

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Avoid payday loans with these quick cash alternatives
Yes, there really are. For example, Iowa-based Veridian Credit Union offers a PAL with a maximum loan amount of $ 1,000 and a six month repayment period at an interest rate of about 20, usually regardless of the borrower’s creditworthiness. While it is not the lowest interest rate, it is more manageable than the high interest rates and short repayment periods of a payday loan. Remember Veridian is a credit union serving residents of certain counties in. serves Iowa and Nebraska and a few other select groups. If you’re not a member, ask a local community bank or credit union if they have a similar product.

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2. Get a cash advance on your credit card.
Another similar but cheaper option is to contact your credit card job function email database provider for a modest cash advance. Again, the interest rates may not be the lowest, but this time you are borrowing against your own credit limit rather than a third-party provider. If the cash advance option seems too insurmountable for you, Just use your credit card for your post-COVID celebration and avoid using it again until you’ve paid your balance.

Learn more: This is how you can recover from a month of heavy spending on your credit card

3. Stand out from your emergency fund.
If the additional interest in using your credit card is too great, you can always try to withdraw just enough cash from your emergency fund to cover your Christmas shopping expenses. Since you are acting as your own lender here, paying back that loan is entirely up to you – but financial discipline is important. Let too much time go by and you may never get around to replenishing what you borrowed. And that means you may not have enough money if a real emergency arises.