Before you take out a short term loan, make sure you've considered all your other options. Some employers offer payroll advances or no-interest loans for employees experiencing a temporary financial hardship. Do you have anything you can sell? You'd be amazed how much money you can make hawking stuff you don't use on eBay. If you are a college student waiting for scholarships or loans to be paid out, does your school offer short term bridging loans to get you through until the check arrives or the funds are deposited into your account? If your car is dead, can you take public transportation until you have the cash to pay for the repairs? If none of these are options, make sure you compare rates and terms on any loans you are considering so you don't get gouged.

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