Many people have to deal with unemployment because of the recession, and it is understandable that sometimes we need a little help. To add insult to the injury, a credit history is another problem with bad debts and a low score, so it can be difficult to get a loan. Perhaps a sudden emergency or a small car break means you need money and need it as quickly as possible. This is where debit card payday loans come into play and can help you fast.
These types of loans are unsecured and do not require a credit check. Maybe you are not fully aware of their potential and a little information will help you determine if payday loans are right for you. This is exactly where this brief guide can be useful.
Payday loans are offered online and offline and are instantly provided without any type of security, without the need for collateral or credit check, in most cases. You can apply and get approved in minutes, which means you can get a small loan today right now. The money can be used for whatever you want to use it for, no matter what the emergency is.
You will have to meet some requirements if you want to get this type of loan. Firstly, you must be at least 18 years, because this is a financial transaction. Another requirement of these lenders is that you have a bank account and a debit card, but they do not ask you to provide any valuables to secure the loan. Most lenders will give you up to $1,500 and loan amounts start at $100. If you get the right payday loans type, you will get 30 days for the refund from the day you receive your money. Lenders that offer longer periods of time to repay the loan are a little harder to find, but they are there.