Keep the lights on without going broke
 Keep the lights on without going broke
Need an extra few days to pay your bill? BillFloat aims to bridge the gap between financial institutions, which typically don't give quick loans to risky borrowers, and payday lenders, which charge interest rates as high as 500%.

Depending on your financial history, the company could ask you to pay a portion of the bill, while BillFloat will "float" the rest.

BillFloat charges a 36% annual interest rate (which works out to around 3% over the 30-day repayment period). The service costs up to $14.99 and late fees are $10.

BillFloat is currently accepted as a method of payment at about 3,500 companies (mainly utilities, cable, insurance and auto lease providers).

Last updated May 13 2011: 1:44 PM ET

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