Hee Hee! Did he perhaps cause Black Friday all by himself?

Have you asked your employer for a wage advance? In case of financial problems, you are entitled to a wage advance for work done but not paid yet.

For personal loans, Migros Bank usually offers the best interest rates (5,9%):

http://www.migrosbank.ch/de/Private/...it/default.htm

Martin

If you have a contract on 13 payments you can get the 13th pro rata, usually without problems. Ask them, I did that several times.

That's precisely what Pay Day loans are. Short term loans for a fee. The interest is high, but the payment period is supposed to be short, so in absolute terms,

• if you really are able to pay it off in a few days,
• if you do it as a one off to get you out of a hole
• if you've no access to an overdraft

it's not necessarily a bad thing.

I.e. you borrow 500CHF for 7 days, and pay 50CHF. That works out at an APR of 520%. Compare with 500CHF at 7% with no arrangement fee, over a year - the cost of that is 20CHF. Add in an arrangement fee and it could become more expensive in real terms.

The thing is, if you've reached the stage that you need one of these things, it's highly likely that you'll be using them again and again, which will cause an increasing spiral of debt. If you have to borrow to get over a financial bump, use it as a wake up call to get your finances in order.