In 2015 the Monetary Conduct authority (FCA) capped interest and charges on all high-value short-term credit score loans at 0.8% per day. Sallie Mae's undergraduate personal student loans are greatest for individuals who need flexibility with reimbursement. Applying for a bank card and using it to help get you through your financial emergency. In case you fail to pay again the loan on time, you will be going through some hefty late charges.