I just received the same type of loan to cover 5 NSF fees that were going to hit my bank account. My bank laughed at me when I asked if they offered the product. I went down the street and took out a 400.00 loan that covered almost $130.00 in fees. I then paid the loan the following week. This service saved me over $100.00. We should be talking about what these banks charge for NSF fees instead of a service that is needed to bridge the gap. I asked the bank why they don't offer the product and they stated because of the fees associated with the loans. I asked the owned of the store about the fees; he stated that 10% of his business take the money and run.
Is not this country built on a idea of supply and demand and fee market?