It happens, sometimes when we least expect it. You write a check to pay a bill; the rent, a car repair, even money you borrowed from a friend. Without realizing it, a deposit you were expecting doesn’t clear the bank in time and poof, you’re hit with an overdraft fee from your bank. That’s how it may start. 

How Overdrafting Quickly Adds Up

The bank charges you $35 but the property manager you pay your rent to can charge you a returned check fee. Wham! Add another $30 to the bill. That’s $65 extra, plus the headaches and damage it may do to your credit rating. Depending on the amount of the bad check, it could become a criminal matter.

Imagine you’re going to pay your cell phone bill for $200.00 and because of a delay in your direct deposit, your account is $100 short to cover the check you just wrote. Between the $35.00 overdraft fee from your bank, the $30.00 charge from the cell phone company for the returned check and possibly a reactivation charge to turn the phone back on, it could cost more than the original bill. this is not an ideal situation to find yourself in.

Quick & Easy Overdraft Solutions

One solution could be a fast and simple pawn loan from Empire Loan. Simply bring something of value; gold and diamond jewelry, electronics, musical instruments, tools or other items with a secondhand value and you could have walked out with the cash to cover the shortage. A typical pawn loan for $100.00 from Empire Loan would cost you about $11.00. That’s it. No long forms to fill out. No waiting for approvals. Just bring in your merchandise and walk out with the cash you need to avoid this disaster.

Your One Stop Money Shop

Empire Loan has been serving Massachusetts and Rhode Island since 1985, getting our customers the cash they need, when they need it. Contact us via a convenient form, call them today or find a location near you to see what they can do to help.