Prepaid debit card payday loans

Information verified correct on May 25th, 2017

Need cash quickly but don’t have a bank account? Learn about prepaid debit card loans.

If you need funds quickly and don’t have a bank account, you could get a payday loan from a lender and have the funds deposited onto a prepaid debit card. This option allows you to get fast access to a loan without the hassle of setting up a new account with a bank. Read further to learn how to apply and other features of prepaid debit card loans.

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!

    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 May 25th, 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.
    Maximum Loan Amount Term of Loan Turnaround Time
    Check into Cash Prepaid Payday Loan
    Apply with this direct lender for unsecured payday or cash advance loans that provide unrestricted funds for emergencies or everyday use.
    $1,000 Varies by state 1–2 business days Go to site More
    NetCredit Installment Loan
    Build a positive credit history with on-time payments through flexible repayment options that include credit card and money transfer.
    $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.
    $1,000 Varies by lender Next business day More
    Blue Trust Loans Installment Loans
    These loans act as an alternative to payday loans, and you don’t have to make payments in one large lump sum.
    $1,250 6 months Quick approval More
    CashNetUSA Loan
    Apply for short term loans, installment loans or lines of credit in 30 states typically with a day’s turnaround.
    $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 May 25th, 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.
    Maximum Loan Amount Term of Loan Turnaround Time
    Bad Credit Loans Personal Loans
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000 3 to 60 months Varies based on lender Go to site More
    CashAdvance.com Payday Loans
    Whether for emergencies or unexpected expenses, this broker may be able to match you among its nationwide network of lenders.
    $1,000 Up to 12 months 1–2 days Go to site More
    TriangleCash Payday Loans
    If you have bad credit or no credit history, apply to be matched with a network of lenders for funding at rates that vary by state.
    $1,000 Varies based on lender Instant approval Go to site More
    TrustedPayDay.com Payday Loan
    Apply for a short term loan of up to $1,000 — even with poor credit — through this lending broker.
    $1,000 2-60 months As soon as tomorrow 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.

    Are payday loans available in your state?

    Find out the exact laws and loan amounts for your state

    Top 5 reasons to consider a prepaid debit card 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.

    Payday loan options if you have bad credit

    What are the benefits and drawbacks of prepaid debit card 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.

    Compare 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 for a prepaid debit card loan

    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?

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

    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.

    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.

    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.

    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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