When is a cash advance not the best solution?

When you find yourself having to depend on it day after day. Week after week. At Payday Select, we want to be here for you whenever you need us, but we don't want you to think of us as a long term solution. So ask yourself, do you think of a cash advance as part of your monthly income? Or as a short-term emergency solution? If we've become like an extra paycheck, maybe it's time you also considered these other choices.

Try to have some savings.

Try even a few of these tips and you'll be amazed at what you can save.

Payday Select’s tips for finding money to save		Monthly Savings
1.	Bring lunch to work (saving estimated $3/day)	$60
2.	Clip and use coupons	$50
3.	Substitute regular coffee for those designer coffee drinks	$40
4.	Eat out 2 fewer times a month	$30
5.	Pay credit card bill on time to avoid late fee	$25
6.	Bounce one less check a month	$20
7.	Save $.50 a day in loose change	$15
8.	Cut soda/pop consumption by 1 liter a week	$6
9.	Comparison shop for gas (save est. $.25 per gallon)	$4

There are also some programs such as America Saves which can help you set monthly goals as little as $10 so you can start building up savings.

Try to negotiate directly with your creditors.

Sometimes all it takes is asking to get a lower rate from a creditor. People with big bank accounts ask all the time so don't be shy about it. You can also negotiate for more time, or a payoff schedule. Just don't be afraid to ask!

Get overdraft protection from your bank.

If the problem is that you occasionally overdraw your bank account, see if your bank will offer you overdraft protection. But be sure to ask how overdraft protection works and be aware that most banks charge a hefty fee for this protection.

Check with your state or county for assistance.

A state program called the "Prevention, Retention and Contingency Program (PRC)" offers grant money to working poor families to help them maintain self-sufficiency. Each county has its own eligibility requirements. Contact the Department of Human Services in your state for help.

Apply for a loan at your financial institution.

Try to see if you can get your bank or credit union to offer you a lower interest loan to pay off debt -- then plan to start fresh!

Check into a community credit union.

If you are not already a member of a credit union, check one out. Often credit unions have small loan programs for their members.

Use part of your tax refund to pay off debts.

This is a great way to pay down, or off, high cost loans. Be sure to try it the next time you receive a refund. Finally, remember, whenever you decide to use a payday loan cash advance, borrow only as much as you can afford to pay with your next paycheck, but still keep enough for yourself so you can make it to next payday.

At Payday Select, we're doing everything we can to make our payday loans the right choice...at the right time.