Although they are fast and convenient, payday loans fall short when it comes to the high interest rates that are charged and the short times offered for repayment. For instance, personal cash installment loans can be secured as fast as payday loans with the proceeds disbursed in 24 hours.
In some cases, credit cards also offer a better option to payday loans, as cards come with cash advance options. You can still transfer money from your credit card to a checking account. However, the interest and fees charged for charge card cash advances may make getting one of the cash advance loans a better alternative.