Warning signs
Triple-digit APR equivalents, rollovers, "no credit check," access to your bank account, aggressive collections.
Safer alternatives
- Paycheck advance from employer or earned-wage access.
- Credit union small-dollar loans (PALs).
- Payment plan with utility/creditor.
- Local assistance programs.
- Side income gigs + budget triage.
Steps if you're stuck
- Stop rollovers; request an installment plan if allowed.
- Close/restrict ACH access after payoff.
- Prioritize essentials; negotiate other bills.
Frequently Asked Questions
Are payday loans legal where I live?
Laws vary by province/state—check your regulator.
Will it help my credit?
Most don't report positive payments; some report delinquencies.
Better Options
See 10 payday-loan alternatives you can apply for today.