Avoid overdraft fees at all costs
Direct lenders of payday loans are said it many times: overdraft fees are among some of the worse fees you can get.
Let’s say though, you had some cash left in your checking account enough to cover gas for your car, a cup of coffee from Starbucks, and lunch. But you made some calculation errors in your checkbook, and you didn’t have enough money in your account. Then in that case, every time you use your card, you would be charged up to $40 in overdraft fees. So if you used your card 3 times, that would have been $120 in over draft fees.
This is when payday loans become useful. Taking a payday loan of $100, for a fee of $20-$30, would save you near $100 in overdraft fees.
But a better alternative is to avoid overdraft fees to begin with. There is a nice article on the New York Times, on overdraft fees, that we recommend you read. It contains some tips that help you avoid overdraft fees in the first place.
Taking charge of your financial future is up to you. We recommend you get all the help you can get to get back on the track and if you ever need a short term financial solution such as paycheck loan, I’ll try to help you.