If you’ve ever bounced a check – or overextended your bank account in some other way, in this era of electronic transactions that are making actual checks practically obsolete! – you know how expensive that can be.
Even a minor miscalculation might cost you hundreds of dollars, because some banks use a system to ensure that the smallest error on your part will do the most damage possible. When more than one transaction is to be cleared in an overnight process, they are queued from largest to smallest.
That way, the maximum number of transactions overextend your account instead of the fewest possible. If you have $101 in your account, and made five transactions of $20 each, they’d all clear. If an automatic payment for $100 goes through a day earlier than you expected it to, it’s going to “bounce” – unless it’s queued first, in which case all five of the other transactions will! None of us are perfect and mistakes are bound to happen, but if you know that your account is on thin ice, Safe Online Loans can save you from high overdraft fees and ultimately cost less.
Your Data Is Secure With Safe Online Loans
We all know that it’s important to safeguard our personal information online. If you haven’t already been the victim of some kind of identity theft or financial fraud, you almost certainly know someone who has.
Entering sensitive personal data on a web form is something we’ve all been warned about, but some websites are indeed safe. Most of us do our banking online, check credit card balances, and make purchases from various stores, and getting a loan should be on that list as well!
Safe Online Loans are available 24 hours a day, with instant approval and cash in hand as soon as the next business day, and best of all you can feel completely comfortable entering your data into the website.
The site encrypts all the data being sent between the applications and the lenders so it can’t be intercepted by anyone with ill intent – only the intended recipient can read the information.
Safe Online Loans Don’t Require Good Credit – But Can Help You Build Some
Have you had credit problems in the past? Lots of people have, and you’ll be happy to know that you can still qualify for a Safe Online Loan even if your credit score is less than perfect.
Financial difficulties that are reflected on the report furnished by the three main credit bureaus won’t affect your ability to qualify – because the lenders don’t check those reports! If you’re new to short-term or “payday” loans, or if you have repaid your previous ones on schedule, the lenders will consider only whether your employment and income meet the basic requirements.
Even better, repaying payday loans on schedule can be reported to the credit bureaus, helping to improve your credit score for future endeavors! To make that part easy, automatic repayments are arranged at the time that your loan is approved.
The funds will be drafted from your bank account on paydays, so you can’t forget to make a payment and also don’t need to worry about the payment overdrawing your account. Automatic and practically foolproof!
Jay Thomas
Author
Jay is the leading author for WeFixMoneyNow.com. With over 20 years in the lending indusrty. He holds advance degrees in Business & Accounting. Jay has been featured on television and has written for several publications.