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Is Mobiloans Right for You?

The Mobiloans line of credit can be a great way to handle cash emergencies.

Here are a few of the most common ways our customers use Mobiloans:

  • Use Mobiloans to avoid bank overdraft and insufficient funds fees.
    Bank overdraft fees are almost always more expensive than a Mobiloans line of credit advance. For example, if you need to cover a single $40 purchase, bank overdraft protection would cost an average of $34 but a Mobiloans line of credit would cost only $6.

    Mobiloans vs. Overdraft Protection

  • Use Mobiloans to pay a bill on time.
    If you don't have the money when a bill is due, a Mobiloans line of credit can be a great way to avoid late fees or disconnection of service.
  • Use Mobiloans to cover unexpected expenses.
    Why do big expenses always seem to come at the worst times? If you're in a pinch and need extra cash to cover an urgent medical need, car repair or another unexpected expense, Mobiloans might be a great way to get back on track.

Remember, a Mobiloans line of credit is for short-term cash needs and isn't the right solution for every financial situation. Before you apply, always consider these lower cost options:

  • Borrow money from a friend, family member or your employer.
  • Request a payment extension from the company that sent you a bill.
  • Check with your bank or credit card provider to see if they can provide a lower cost credit option.

More questions?
Contact us at support@mobiloans.com or 877-836-1518.

1 Consumer Reports, Bank accounts - More fees are coming. How to fight back-or flee (February 2012), <http://www.consumerreports.org/cro/magazine/2012/02/bank-accounts/index.htm> .