If you're like most people, you have experienced your fair share of financial difficulties to work through. And when the need for funds arises, taking out a traditional loan can be costly when it comes to interest rates – and it can take several years to pay that loan off. Not to mention, there tends to be tons of paperwork to file and days of waiting to be had. But luckily, there are a few options that are more cost effective and less time consuming than the traditional bank loan process.