The first thing to do is look at the actual fees. While the emergency cash loans company may paint a beautiful picture of “only $20 a week” (or similar), you should realize that these fees often equate to over 400 percent interest each year, a rate that, if you got it at a bank, would be absolutely ridiculous. Make sure that you can actually repay the company quickly.

Be aware of the small print from the emergency cash loans company. Some of these loans can be repaid with no fee at all if they’re paid back within a week. Other companies may charge you extra for using certain methods of repayment such as credit card payments. Also, be sure to learn about the customer service of the company.

Explore alternatives to emergency cash loans when possible. Signature loans, credit cards, and negotiating a payment schedule for your bills all provide good options. However, when it comes right down to it, if these options don’t pan out, emergency cash loans still cost less than credit card late fees or having your heat turned off.