We all know that times are tough out there right now and sometimes you just have to get some extra cash. Maybe expenses have just really hit you hard over the past few weeks and you know that your paycheck isn’t going to cover what all you had to write out in checks. This will result in NSF (non-sufficient funds) charges. These guys are charging anywhere from $25 on up to one bank we found was charging $42. A pretty standard charge per Bank of America is $35. I know because I’ve been there. That’s no kind of fun and makes a bad situation into a worse one.
If you’re like a lot of people out there, you’ve got a few credit cards. Well if you do, you might have some left on them, but then again, they may be maxed out or closed and if that’s the case, you’re not going to be able to do much with balancing everything out. Sometimes you find yourself in a position where you’ve just about hit bottom and you need some assistance with your financial well being
Sometimes it’s true that you just have to juggle money to be able to get through. There are cash loans, no credit check places out there that can help, but you’ve really got to be careful not to get into trouble with these places as well. They need to be seen as short term and you don’t want to have to manage these types of loans for too long, lest you get eaten up by high interest rates. There’s also the hassle of having to continuously keep up with making sure you can get the cash loans, no credit check places paid up to date, which adds to your juggling load.
Most of these companies that are out there offering these cash loans, no credit check places are stringently regulated and will treat you pretty fairly. They have lots of rules that they’re required to follow to insure that you’re not taken advantage of and so there shouldn’t be too much worry about whether they’ll rip you off or not. As a standard they will charge you a finance fee every two weeks for letting you borrow their money. If you have to get the loan again after two weeks because you haven’t gotten back up on your finances just yet, then you’ll have to re-do the loan and thus pay the finance charge for another two weeks.
It’s pretty typical with these places that you can expect to pay around 15% of whatever amount you borrow every two weeks. So if you were to borrow $300 for two weeks, when you went to pay it off, you’d owe $345. You can easily see how if you don’t stay on top of this then it’ll turn into another big bill that you’ll have ongoing, so be sure that when you get one of these types of loans that you’re able to get them paid out when they come due.