Insufficient funds: it’s a genuine fear of yours as you sign checks and complete online payments. You’ve managed to avoid the NSF message so far by relying on a strategic payment schedule that consists of waiting until payday to settle your debts. When it’s the regular bills that you’ve budgeted for – with consistent due dates – this plan is foolproof. Unfortunately, life has a way of disrupting the status quo just as you start to get comfortable, and an unavoidable charge, renovation, or repair is all it takes to throw you off your game. The addition of an expense you didn’t budget for can make your fear of insufficient funds a reality.

Online Lenders can help you restructure your bills

As financial emergencies go, it’s pretty stressful. Without the appropriate amount of money in your account, the check you write will bounce or the online payment you make for your business won’t go through. Most financial institutions will charge you for these NSF transactions, and enough of these charges can do considerable damage to your credit score. If you already have a poor or sub-prime credit rating, a NSF transaction is the last thing you need on your record.

Luckily there’s a way to avoid the penalties of insufficient funds – even for those with bad credit. There are small dollar loans available online that can provide fast access to cash in your time of need. Ranging from $200 and $1,000, these financial products offer support when your bank account is too low and your next paycheck is too far away. Bridging the gap between paychecks, it’s an easy way to pay for unexpected expenses without risking a NSF transaction or missing a bills’ due date entirely.

Though there are rates and fees associated with these short-term loans, they pale in comparison to the interest and late penalties that can come with missing an important bill’s deadline. By avoiding making a NSF transaction, it also saves you from negatively affecting your credit rating. Every loan is different, however, as it depends on the lender that you partner with. Direct online lenders like MoneyKey create financial products that abide by state lawsregulating the size and repayment of small dollars loans. To learn more about how an online payday loan from MoneyKey can help, check out their webpage and compare them to other state licensed lenders.

A state licensed lender is your source for loans with the best rates, terms, and conditions. When your lender follows the rules, you won’t be exchanging one debt for another. You’ll have a loan you can repay in time for payday, without having to overstretch your budget and receive a NSF warning. So find a direct online lender that’s licensed in your state to help with your finances.