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So you got that bill that needs to paid by tomorrow, but payday is four to six days around the corner. What can you do?
Negotiate
Believe it or not, just about everyone has been in this position at some point, and as a result, many companies already have payment options available for situations like this. Call the people you need to pay before the due date and explain your situation to them. Many will extend a due date at least once, and they often offer long-term payment arrangements for larger bills. Sometimes the bill can be negotiated down to a more affordable payment.
Your Bank
Call your bank to see what options they have available. Sometimes you may qualify for a credit card that offers cash advances that can be transferred to your checking account instantly, but be aware of the interest. Banks usually offer a diverse array of loans to cover any possible need.
Payday Loan
Often based less on your credit score and more on other factors, payday loans can allow you to receive a portion of your paycheck now. It’s almost like writing a post dated check for some cash. Many now offer products and services online so you don’t have to enter a store, and some offer a no fax payday advance.
Weigh out the pros and cons of your situation. Get an accurate representation of the consequences if you are late on a bill and compare that to an accurate representation of the consequences to your plan to pay that bill on time. Always read the fine print and try to plan ahead for a rainy day.
