How to Get a Payday Loan with a Prepaid Debit Card

 

If you do not have a bank account, it becomes difficult to make payments for various transactions without carrying sizeable cash in your wallet. Prepaid debit card is a good option for people who are unbanked or do not have credit cards because of poor credit score. They free you from carrying cash and also allow you to conduct online transactions when you are buying a product or service. But these prepaid debit cards can also make available pay day loans to you should you find yourself cash strapped at the end of a month.

Get help without a bank account

It is really embarrassing to ask for help from your in laws or friends when there last date of payment of a utility bill has arrived and you do not have the money to pay for it. You could also face a car or home repair that cannot be postponed any longer. There are also times when you have been invited to a friend’s wedding party or anniversary and you need cash to buy a suitable gift. If you are running short of cash and do not know which way to turn to get some much needed cash, your prepaid debit card may hold the answer to your problem.

Get money at short notice through your prepaid debit card

If you do not have a checking account to write a check to the lenders to repay the short term loan that is called a payday loan, there are lenders who are ready to provide you cash against your prepaid debit card. This is indeed very convenient and easy for the borrowers as they can get small amount of unsecured loan for a short time period with their prepaid debit card. There are many lenders who are offering this facility for the needy people not having a bank account. You need to compare the terms and conditions of various lenders to find out the best prepaid debit card payday loan.

Make repayment on time with a swipe of your card

If you have a reloadable prepaid debit card, you can breathe easy as your repayment of the pay day loan becomes easy for you. You can make a payment with just a swipe of your prepaid debit card when you have loaded it with your own money. All you need to avail a short term unsecured loan for small amount of money is to possess an active direct debit account. You get the money in no time at all and have the liberty to make repayment easily without having a checking account in a bank.

You can easily get payday loan online by applying for it in the comfort of your own home. Just give your personal details and get money in no time at all to overcome your financial emergency. The lender withdraws payment from the debit account on due date without any hassle.