Don’t be tempted by fast cash — get the facts about payday loans Contact us Cymraeg

Have you checked out the alternatives to a payday loan?

Find out about cheaper, lower risk alternatives and how to tackle money problems.

Try not to use a payday loan to regularly pay for home or car repairs

Here’s what you can do instead:

  1. See if the repair or bill can wait until next payday when you can afford it. Or ask for time to pay the bill or negotiate a payment plan.

  2. See if your employer can offer alternative options.

  3. Ask family or friends if they can help you. Remember you don't want to lose a good friend or fall out with a family member because of money. Make sure you draw up an agreement and pay back the money on time. Read our guide: Should you borrow from family and friends?

  4. Don’t assume you can’t borrow elsewhere. Even if you’ve got a poor credit rating, there are alternatives to payday loans. And consider using a credit card or authorised overdraft - but only if you’re sure you’ll be able to repay at the end of the month and won’t go over your credit limit. To find out more, read our guide: Alternatives to payday loans