In 2015 the Monetary Conduct authority (FCA) capped interest and charges on all high-value short-time period credit score loans at 0.8% per day. Sallie Mae's undergraduate non-public pupil loans are finest for many who want flexibility with reimbursement. Applying for a bank card and using it to help get you thru your financial emergency. Should you fail to pay back the mortgage on time, you'll be going through some hefty late charges.