If you need money really quickly, then it can be tricky to know quite what to do in order to get what you need. There are many options that you can consider and it is a good idea to think about them all and then choose the one that is bets for you. The one that will work out the best for you will depend on your personal situation.
If you have any savings it could be a good idea to consider using these. Although you will miss out on the interest that you could potentially get on the savings, you will be able to use the money without borrowing which always carries a fee. It is normally the case that borrowing will be more expensive than losing out on savings interest, but it is a good idea to check this first. You should be able to find out how much the loan will cost and how much your savings interest is and this will allow you to calculate the cheapest option for you. Of course, you may not have any savings and in this case borrowing will be the only option available to you.
If you gave a credit card then this could be a good way to pay for things. Although the interest on a credit card is fairly high, you do get a time of interest free borrowing between when you spend the money and when you get the statement. You will also be able to repay in instalments, although this can be a pricey option it is flexible. You can even draw cash out using a credit card if it is cash that you need, but you will be charged interest right away if you do this. If you wait a long time before repaying the credit card, perhaps only repaying the minimum interest each time, you will find that the cost will be pretty high. It is possible too that you may not be able to use a credit card to pay for the item that you need or you may not have a credit card or have maxed it out.
An overdraft can be really expensive but many people have them with their current account. They can be a handy way to get some extra money and they will be repaid once you put money into that account. They can be used by withdrawing cash, doing a transfer, standing order, direct debit or writing a cheque. They are not offered to everyone though and there is a chance that you may not have one or you may have used it all up.
If you cannot use any of the above options then a payday loan could be a possibility. These tend to be arranged very quickly with some lenders able to get you money within a few hours. They are open to almost everyone, you do not need to have a good credit record to get one, although you will need to be over the age of 18, have a UK bank account and have a regular income. You will need to be able to repay the loan next time you get paid, which hopefully you will manage as you should have the money available then.
So, you can see that although payday loans may not be your only option, they are an option that most people will be able to use if they need to. This can be nice to know as you will be able to get the money that you need really quickly and without the need for a good credit record if you need it.