Many of those employed rely on their credit card to pay for their purchases from food to clothing and even for their travel. The unfortunate side, however, is the high cost of owning this plastic card. As using the card entails a lot of charges, people tend to realize only later how much debt they have incurred through continued use of this financial product. But today, though, many people are staying away from the credit card as a step towards avoiding more debt. With the global recession still lurking around and numerous jobs are still being cut down in other parts of the world, this move is worth doing. Not using the credit card is one of the most effective options available for people notably those bent on saving money. However, consumers having problems with their credit card debt can still find solutions to their financial issues by availing of a loan. A bank loan is not a good idea for those with poor credit rating because of the credit check and collateral required. What they can take advantage of are the short term loans such as the payday and cash advance. People who are currently employed but with unfavorable credit history can benefit from them. Comparing these short term loans with the credit cards, they can be considered more affordable. For one thing, consumers can take out just a small amount depending on their needs and if allowed, they can even choose the repayment schedule that they find suitable to their funds or what they can afford to pay with their monthly salaries. Unlike the credit cards, short term lending companies may or may not compound interest charges should borrowers miss on their repayments. With the plastic cards, missing several payments may already mean higher interest fees in addition to the late payment charges. This then translates to more financial burden to people finding it difficult to pay their credit card bills promptly. Meanwhile, payday and cash advance loans may very well be used to pay credit card debt. They can be availed of if a borrower wishes to pay off his or her balance and is committed to reducing use of the card for the long term. A $3,000 credit card debt, for instance, can be paid off using a cash advance or payday loan. By choosing the right lender, a qualified borrower can easily take out a loan of this amount in just a few minutes to a few hours. Once the money is released, it can then be used to pay off the full balance on your credit card or even just half of the total amount due if your balance is say, $6,000. What’s important is that you are determined to reduce your debt and avoid the other finance charges associated with credit card use. With a loan, you will then be able to focus on repaying just that amount and as long as you pay on or before the due date, you will not be bothered by other additional fees.