Payday loans using debit card can cover such amounts of money as 500 and 1000 dollar. Once your application is processed, money is automatically funded to your balance. Fast and easy as it can be! This form of financial support helps you handle the most drastic crisis in your life. Of course, you shouldn’t treat this kind of borrowing as short-term as it might lead to serious financial consequences.
An installment loan of up to 5,000 dollar is a money loan that you pay back in a pre-scheduled number of payments within a specified period of time. HartLoan doesn’t provide this kind of service. Instead, we focus on small, temporary loans issued for financially-challenged online customers.
Requirements to be eligible to apply for debit card payday loans
What needs to be done to get one or several prepaid debit card loans? Most payday lenders need the following information:
- Minimum age requirements (21 and above);
- Valid ID document;
- Proof of regular earnings;
- Active banking account or SSI debit card;
- Active mobile number.
In some cases, there can be some additional requirements which are imposed to obtain the loan payments. While every case is handled individually, we may ask you for additional details before lending you money.
Once all the requirements are fulfilled, the loan can be approved within 15 minutes. It rarely lasts longer. As part of the agreement between two parties, the lender always makes up a report with the specified loan value and a lending fee. Pre pay sums are usually covering APR, which may often reach around 500%.
Benefits of direct lender payday loans that accept prepaid accounts
The opportunity to get on debit/credit funds on the same day regardless of a credit score (FICO) is good by the definition. It is especially useful when it comes to making timely payments. The payday services provided by HartLoan have even more benefits to offer.
Suitable for bad credit: no credit check
When it comes to classic borrowing, you can hardly avoid monitoring of your personal credit background. No need to say what is waiting for you if the result is negative. In case of payday loans deposited on prepaid debit card, you can leave all your worries behind. Lenders conduct no credit check. Actually, they do but they don’t take this information as the only factor in decision making process. And this is something that grants an absolute benefit. Thus, customers eligible for direct deposit ount of money and interest rate in compliance with your creditworthiness.
Almost instant funding: same day deposit
Instant funding can’t solve all your financial problems but it can definitely make your life easier. Any lender can provide you with a 100% guaranteed loan within a short period of time. In each particular case, it may take a few minutes or a few hours. Compared to credit services, loans with debit card accounts usually receive instant approval.
Saturday and Sunday loans with direct deposit to prepaid debit card available
Financial emergencies do not stick to a 9 to 5 schedule. They may hit you anytime, even at weekends. While banks are closed on Saturday and http://paydayloanstennessee.com/cities/benton Sunday, payday loans that accept prepaid accounts can be claimed round the clock. This kind of application doesn’t require credit checks. Instead, it offers instant approval, slightly higher interests and service charges, as well as repayable after 14 to 30 days.
Do direct lenders really do no credit check?
No credit check isn’t really the case. We do pay attention to your credit background as part of our security policy. But unlike credit services, we are interested in giving you a 2nd chance. As long as your credit case isn’t totally horrific, we will lend your money for a short-term period.