In 2015 the Monetary Conduct authority (FCA) capped curiosity and costs on all high-cost brief-time period credit score loans at zero.eight% per day. Sallie Mae's undergraduate private scholar loans are finest for many who need flexibility with reimbursement. Applying for a credit card and utilizing it to help get you through your monetary emergency. Should you fail to pay back the mortgage on time, you can be dealing with some hefty late fees.