If you’re having trouble making payments before you get a payday loan, see if you can set up a payment plan with the company you owe money to. It can be awkward to talk to the company, but this is a better alternative than missing a payment.

So, ask if you can put a payment plan in place as a payday loan alternative. You may be able to pay a portion of the payment now and the rest later. If you have federal student loans , you can call your loan servicer and see if you can defer your loans or put them in forbearance. You can also consider an income-driven repayment plan, where your monthly payments are lowered to a small portion of your discretionary income.

The key is to take action and talk to your lenders about a payment plan to see what options are available.

If you have a steady income and are looking for an advance on your paycheck, consider using a payday advance app . Payday advance apps offer more flexibility and affordability for borrowers than payday loans. The biggest difference between a typical payday loan and payday advance apps is that apps don’t charge any interest, because payday advances are not considered loans.

Payday advance apps, such as Earnin and Dave, will front you a portion of your upcoming paycheck without any interest. Fees are limited, though some apps allow you to tip voluntarily.

4. Dip Into Your Savings

Building up savings is tough and can take a long time. When you finally grow your savings account , this can offer you a sense of security. payday loans in Oregon OH If you’re lucky enough to have a robust savings account before you apply for a payday loan, consider dipping into your savings.

This is one reason why you build a savings account to begin with. Things come up, and your savings can act like a buffer. Rebuilding your savings account, in turn, is better than paying back a payday loan. Taking money from your savings account is akin to taking a loan out for your future self. Wouldn’t you rather pay yourself back then a predatory lender that charges 400% payday loan interest rates on the loan?

5. Borrow Money From Family Members or Friends

This isn’t an option for everyone, but if you have trusted family or friends that can loan you money, consider borrowing from them. Will your parents loan you some money, interest-free? Do you have a close friend who can spot you just this once, while you get it together?

If you do this, be clear on the amount and the timeframe in which you’ll pay them back. Going this route can be tricky, and you don’t want to burn any bridges or ruin relationships with family or friends, so consider it carefully. But if it’s an option with no strings attached, this can help you avoid a payday lender.

6. Earn Extra Money With a Side Hustle

Cutting back is the first thing you should do if you need extra cash. But if you’ve cut back all that you can, your next step is to earn more money. If you have free time, you can start side hustling. A side hustle is a gig that you do on the side to earn more money; for example, I worked as a brand ambassador and freelance writer as a side hustle while I was paying off debt.

There are many side hustles available, including babysitting, graphic design, dog walking, Uber, Postmates, etc. Find your passion, and zero in on your skills.