Personal Finance and Investing

The silver lining here is some banks are getting smart enough to cash in on this market by offering checking overdraft products. They will allow for example an over draft of up to 800.00 and allow the customer to pay the money back over several pay checks. In essence the consumer is given a lien of credit of 800.00 without having to undergo a credit check. While expensive, it's a lot better than the usurious payday loans.