Debit Card payday loans

Prepaid debit card payday loans

Information verified correct on March 29th, 2017

Get a payday loan and have access to your funds through a prepaid debit card.

If you need funds quickly a payday loan could be an option to consider. In the past applying for one of these loans meant having to visit a physical branch, but you can now apply for them online. There are other convenient features also available with a payday loan including prepaid debit cards.

Check into Cash Prepaid Payday Loan

Check into Cash Prepaid Debit Card Loans

Check into Cash allows you to directly apply for a payday loan and have your cash deposited to a prepaid debit card when you need it.

  • Min. Loan Amount: $50
  • Loan Term: Varies by state
  • Turnaround Time: 1–2 business days
  • Total Costs: Varies depending on the amount and your state of residency.
  • Must be 18+
  • No security needed
  • Confidential and secure!

    Other prepaid debit card payday loans you can compare

    Below you’ll find various lenders and information about their services so you can see how they measure up to one another.

    A selection of loans you can apply for

    Here are some loan providers that you can apply to. Note that the max loan amount is based on the lender’s max amount. The amount will vary based on your state of residence.

    Rates last updated March 29th, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    Interest Rate (p.a.) Maximum Loan Amount Term of Loan Turnaround Time
    Check into Cash Prepaid Payday Loan
    Check into Cash provides unsecured Payday or Cash Advance loans, and it also gives its customers the ability to take advantage of secured loans.
    From 260.71% (variable) $1,000 Varies by state 1–2 business days Go to site More
    NetCredit Installment Loan
    Build a positive credit history and borrow up to $10,000 with Net Credit.
    From 34% (variable) $10,000 Varies upon state 1 business day Go to site More
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    From (variable) $1,000 Varies by lender Next business day Go to site More
    CashNetUSA Loan
    Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.
    From 299% (variable) $2,250 Varies by state 1 business day Go to site More

    Have we missed anything in the comparison table? Tell us

    • If the provider quotes a different rate to the one above please let us know

    A selection of lender matching services you can apply with

    These lender matching services are not lenders, loan brokers, or agents for any lender or loan broker. They also do not make credit decisions. They focus on trying to match you with a lender that might be able to provide you the funds you seek. Note that the max loan amount is based on the matching services max amount, but it will vary based on your state of residence. If you proceed with one of these services confirm that the lender is reputable by checking with your local government.

    Rates last updated March 29th, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    Interest Rate (p.a.) Maximum Loan Amount Term of Loan Turnaround Time
    Bad Credit Loans Personal Loans
    Fast and easy approval for people with bad credit. Qualifications are straightforward and simple.
    From 5.99% (variable) $5,000 Varies based on lender Varies based on lender Go to site More
    CashAdvance.com Payday Loans
    Whether it's an emergency situation or an unexpected expense, that's where Cash Advance® comes in.
    From 200% (variable) $1,000 Up to 12 months 1-2 days Go to site More
    Accredited Debt Relief
    Offering free consultations, Accredited Debt Relief can help you lower your monthly payments and interest rates or get out from under serious debt. Call 1-877-569-5675.
    From 0% (variable) Varies based on lender On average a settlement lasts 2 to 4 years. Varies by lender Go to site More

    Have we missed anything in the comparison table? Tell us

    • If the provider quotes a different rate to the one above please let us know

    How does a prepaid debit card payday loan work?

    When you apply for a payday loan, in-store or online, you might also be given the option to request a prepaid card.  If you’re approved the lender will transfer the funds into your loan account, which you can then access using the debit card.

    If you need a loan in the future you can receive those funds using the same card. Most prepaid cards come with either with Visa or MasterCard, so you can withdraw money from your card at ATMs and spend it wherever the brand of the card is accepted.

    State regulations govern how much you can borrow and for how long, and payday loans are not legal in all 50 states. Hover over your state of residence on the graph below (or click on your state if you’re using a mobile device) to find out if payday loans are legal in your state.

    Find out the exact laws and loan amounts for your state

    Features of using a prepaid debit card with your payday loan

    There are  a number of features that come with payday loans including:

    • You’ll get easy access to funds.
      Once the funds are transferred to your card you can withdraw money from an ATM, shop at stores that accept prepaid cards, and you may also be able to spend online or over the phone.
    • You can receive other funds on the card.
      You aren’t limited to using your prepaid debit card to receive payday loans. You can set up most prepaid cards to receive direct deposits giving you quick access to your paycheck, tax refunds, and government benefits.
    • You may earn rewards.
      Some prepaid card providers let you earn cash rewards when you use your card.
    • Multiple loan options to compare.
      If you live in a state where payday loans are legal you’ll have a number of lenders to compare and choose from. The time it takes to process applications and disburse funds varies by lender, so it’s in your best interest to compare your options.
    • You can use the funds for any purpose.
      What you want to do with the loan is up to you. You can use the money for car repairs, forgotten bills, or to just get by until payday.

    Bad credit payday loans

    What are the benefits and drawbacks of these loans?

    The benefits

    • Bad credit is okay.
      As long as you can demonstrate your ability to repay the money you want to borrow your credit rating should not stop you from being approved.
    • Quick access to funds.
      Some lenders can transfer your loan to you on the day you apply, while you may need to wait until the next business day with other lenders. The process is generally quicker when you are a repeat borrower as you already have the prepaid card to reload.
    • No bank account required.
      You can find lenders who approve loans to borrowers with no bank account.

    The drawbacks

    • Higher fees.
      Payday loans charge considerably higher fees compared to conventional loans, making them a costly form of credit.
    • Short repayment term.
      You’ll generally have to repay your loan on your next payday, so make sure it won’t put too much of a strain on your budget before you apply.

    The best payday loans for you

    What you should know about prepaid debit card payday loans

    Before you apply establish how you plan to repay the loan.  If you think you might not be able to repay it on time you may want to seriously reconsider taking the loan in the first place. Not paying the loan on time means you will pay additional fees and charges, and it can also have a negative effect on your credit rating.

    Make sure the lender you deal with has a valid license and is allowed to lend in your state. Review the terms and conditions before accepting any contract.

    How to apply

    Applications can be submitted online or in person. If you’re looking to get your cash on the same day your best bet is to go to a lender in person. In person or online you will need to meet some qualifications:

    • Be a US citizen or permanent resident
    • Live in a state that allows payday loans
    • Meet the age requirements of the state you’re living in (usually 18-21)
    • Have steady income

    If all of the requirements are met there are just a few steps to apply:

    • Go online or in person to a lender
    • Provide your name, date of birth, address, and email address
    • Show state-issued ID or enter the information if applying online
    • Give details about your employment status and income

    Frequently asked questions about prepaid debit card payday loans?

    How much time does it take to apply for a debit card payday loan?

    The application process should take no more than 10 to 15 minutes if you have all the required information close at hand.

    Can anyone apply for a payday loan?

    You can apply if you have a steady source of income and you’re a permanent resident of the US. You’ll also have to meet your state’s minimum age requirement, which is 18 in most states.

    Payday loans are not legal in my state. Do I have any other options?

    You can consider applying for an installment loan or an auto title loan. There are also other short term loan options you can look into.

    Are there any fees with debit card loans?

    This can vary with each short term lender you apply for. You may have to pay reload fees, interchange fees, setup fees and ATM withdrawal fees. It’s important to check these before you apply.

    Is my information safe when I apply?

    The majority of short term lenders use 128-bit security encryption to ensure your details are kept safe. Look for the padlock icon in your browser.

    128 bit secure

    If you’re worried about your credit score and want to take steps to repair it, you could call The Credit Pros: Legal Credit Repair on 877-208-6484.
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    US Payday Loans Offers

    Learn about our information service
    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    LendUp Payday Loans

    Climb the LendUp Ladder with this unique borrowing platform offering credit reporting and $250 loans for first-time borrowers.

    SWIFT Payday Loan

    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.

    CashNetUSA Loan

    Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.

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