Table of Contents:

What Do Loans Wired to a Prepaid Debit Card Represent?

Five Reasons to Apply for Online Debit Card Loans

How to Apply for a Payday Loans with SSI Debit Card

How much do Payday Loans Wired to a Prepaid Debit Card cost?

Payday Loans Wired to a Prepaid Debit Card: Pros and Cons

Payday Loans with SSI debit card

Everyone probably faced problems like where to find money to pay rent, especially when all terms are almost expired, or how to pay for the car fixing that broke down suddenly. If this sounds familiar to you, online loans can be a great solution to your issues.

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What Do Loans Wired to a Prepaid Debit Card Represent?

Today’s world pays the most attention to money, as it plays a special role in everyone's lives. However, while people chase to earn as much money as possible, they lose valuable time for enjoying life. Moreover, we just spend them in a flow to living daily life, forgetting about simple things that make us happy.

Currently, lots of people often need cash advances and other short-term loans, as money can end at the moment one needs it most. Lenders suggest diverse credits including loans wired to a prepaid debit card. If you are a debit cardholder, you'll be able to access the loan facility easily using the ATM at any time.

The first thing you have to do to obtain lending is to apply for your short-term loan online. Once your application is accepted and approved, you'll gain eligible revolving credit. Register the credit card in your name, and use it like any other Mastercard.

Five Reasons to Contemplate Online Debit Card Loans

If you haven't figured out what loan Wired to a Prepaid Debit Card to pick, here is a list of 5 reasons short-term loans are favorable:

  • A debit card with deposited money can be used for paying your bills, shopping at stores, and payments for other base costs.
  • If you don’t plan to have a checking account, it is better for you if the lender provides your with approved funds for immediate use.
  • Your card can maintain different deposits.
  • Some lenders suggest monetary rewards for using their cards.
  • Besides, you can use your payday loan funds at any place where your card can be accepted.

There are several reliable lenders, each of which suggests their own lending terms. Check out the convenience of applying to search out the most lucrative possibility to cover your needs.

LendYou will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • $100 - $1000 Payday Loans
  • $1000 - $5000 Installment Loans
  • $5000 - $35000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
Pros
  • High up to $15,000 loan amounts. 
  • Minimal restrictions on how you can use your loan.
  • No collateral or guarantor.
  • Bad credit is OK. 
Cons
  • It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 

 

Check Into Cash offers Payday Loans, Title Loans, Personal Installment Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $50
  • MAX Loan Amount: $3000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day
  • Payday Loans
  • Online Payday Loans
  • Title Loans
  • Installment Loans
  • Online Installment Loans
  • Line of Credit
  • Flex Loans
  • Other Services
  • Check Cashing
  • Bill Pay
  • Western Union 
  • U.S. Money Card
  • Cell Phone Top-Ups
  • Sell Us Your Gift Cards For Cash
  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $50.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Greenlight Cash created an online platform to connect consumers like you with reliable lenders across the country. They partner with a large network of professionals so you get a chance to work with one of them and meet the challenge of improving your financial situation in the most effective way. Once you tap submit, you get one step closer to receiving the funds.

  • Payday Loans
  • Installment Loans
  • Personal Loans
  • be a legal U.S. resident
  • be at least 18 years old
  • have a stable source of income
  • be currently employed
  • have an active bank account
Pros
  • Unrivaled flexibility and accessibility.
  • Predictable monthly payments

  • Quick and simplified borrowing process

  • Any credit is welcome
Cons
  • Not a direct lender.

 

GoGoPaydayLoans offers Payday Loans at affordable rates with convenient repayment terms. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $1000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day

$100 - $1000 Payday Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $100.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Loan By Phone offers Payday Loans, Installment Loans and Line of Credit.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $3000
  • Terms: Varied
  • Rates and fees: Vary by state
  • Turnaround Time: 1 business day
  • Payday Loans
  • Installment Loans
  • Line of Credit
  • 21 years of age
  • Social Security Number
  • Proof of Income (from your job, pension, welfare, or other source)
  • Valid email address
  • Active checking account (open for at least 90 days)
  • Current cell/home and work phone number
Pros
  • All loan applications and requests are guaranteed confidential and all transactions are governed in accordance with the laws of your state of residence.
  • Flexible repayment.
  • Available in most states.
Сons
  • High interest rates.
  • If you don't pay back on time your data may be sold to third parties.

 

Indyloan.com offers Personal Loans online at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $5000
  • Terms: Vary by state
  • Rates and fees: Varied
  • Turnaround Time: 1 - 2 business day

Personal Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
Pros
  • Quick - no driving, waiting, faxing, paperwork.
  • High approval rate even for bad credit borrowers.
  • Online Payday cash advance with no collateral or co-signer.
  • 24 / 7 online service.
Cons
  • High interest rates.
  • Available not in all the states.
  • Only loans up to $5000 are available.

 

How to Apply for a Payday Loans with SSI Debit Card

As for payday loans, they are easy to get as well, however, such types of lending are an expensive way of cash advance. Cash will be deposited into your account in less than a few hours after your loan application is submitted and approved. However, you should take into consideration the fact that this credit has to be paid off on your next pay day (approximately 2-4 weeks from now). Thus, borrowing money for such a short period of time can be risky enough.

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How much do Payday Loans Wired to a Prepaid Debit Card cost?

Payday lenders will make you pay a relatively large fee for the amount you borrow. Thus, be ready to contribute $15 for every $100 loaned. The maximum amount you can loan via this way is $2,000, with a fee of about $300.

You can always use a free online Payday Loan Calculator to check the rates for your instant debit card loans.

To apply for a payday loan, you must:

  • Be the age of legal majority in your state or country.
  • Be ready to prove you have a gradual supply of financial gain.
  • Submit your name and private data.
  • Provide your social insurance range and ID.
  • Show your income details.

Payday loans Wired to a Prepaid Debit Card can help you when the money is over and several days are left before the next payday. Nevertheless, do not treat them as short-term loans, as it might cause serious financial problems.

Payday Loans Wired to a Prepaid Debit Card: Pros and Cons

Short-term loans have several downsides like short reimbursement terms, high fees, and interest rates. However, they can also boast of numerous advantages, which include:

  • lenders won't check out your account data;
  • bad credit history won't prevent you from receiving a loan;
  • your credit score isn’t the largest issue for approval;
  • you will have quick access to gained funds.

Moreover, most lenders transfer cash by succeeding business day. In case you are a repeat receiver, the money will be transferred to the debit card, you've already received.

Payday Loans with SSI debit card

Often borrowers who receive social security payments are eligible for a payday loan. It is important for the lender that there is a source of monthly income. If you get government entitlement checks as your only source of income, you may be eligible to take out a payday loan with a prepaid debit card.

A lender requires a few things:

  • A copy of the SSI
  • SSI income confirmation: usually in the form of a letter sent to the recipient.
  • A Bank statement is in good condition
  • Photo-identification

Do not forget that you can fill out the application online or search the Internet for great deals on payday loans that make sense to you.

It should be noted that there are a few tips that will help you increase your chance of getting approved for a Payday Loan:

  • An additional source of income (child benefit or pension)
  • Good credit score. If you have a high credit rating, you shouldn’t worry.
  • Not a high amount of money. If you want to increase the probability of getting a payday loan, you'd better apply for less, and be sure that the lender will not refuse you.
  • The second loan. Many lenders would offer better terms for people who have successfully repaid their first loan and applied for another.
  • Paying back on time. You should show the lender that you are a reliable borrower.

Remember, borrowers who live on SSI should be careful when borrowing payday loans. Pay attention to the interest rates and do not forget that the loan must be repaid at a certain time.