605 Lending alternatives: cheaper ways to cover a cash gap

Federal credit unions offer PALs of $200 to $2,000 with APR capped at 28% and an application fee of $20 or less. You usually need to be a member, sometimes for at least a month, so it pays to join a local credit union before an emergency hits.

Apps such as EarnIn, Dave, and Brigit advance part of a paycheck you have already earned. There is no interest, though you may pay optional tips, express transfer fees, or a monthly membership. Limits usually start low and rarely exceed $500.

Many employers and payroll providers offer earned wage access, letting you draw on wages before payday for a small fee or free. Ask HR or check your payroll app.

Hospitals, dentists, utilities, and many landlords will split a bill into installments if you ask before it is past due. Medical providers in particular often offer interest-free plans.

Dial 211 or visit 211.org to reach local programs that help with rent, utilities, food, and car repairs. Many charities and community action agencies pay bills directly.

NFCC-member agencies offer free or low-cost budgeting help and can negotiate lower payments on existing debts through a debt management plan.

If you have available credit, a cash advance typically costs a fee plus 25% to 30% APR. That is expensive, but usually far cheaper than a loan near 780% APR.

A small loan from someone you trust can cost nothing. Put the amount and repayment date in writing so expectations are clear on both sides.