You do not have to go far within the banking world to discover a so-called expert who'll proclaim that rather than resorting to exact same day loans in a jam, you need to use supposedly less costly payday loan alternatives. Yet as ConsumerAffairs.com indicates, these very payday loans no fax alternatives are laden with their own high cost. The National Consumer Law Center (NCLC) studied hundreds of pay day loans alternatives that banks and credit unions offer, and found them to be largely as expensive or more expensive than what they're intended to replace.