Getting a payday loan is often the only thing you can do when you have severe financial difficulty that could easily be solved by bring your payday a little closer. Some people, however, worry that they will not be able to obtain a payday loan due to the fact they do not own a debit card.
These days, payday loans are more accessible than ever before, meaning that this isn’t an issue. A payday loan is easily within reach even if you don’t own a debit card. There are some basic requirements to obtain a payday loan, listed below, and none of which include owning a debit card.
So what do you have to do in order to get a payday loan? It’s really incredibly easy. The first requirement of course is that you are at least 18 years of age. In order to legally enter this kind of credit agreement, and indeed any legal contract, you must be at least 18 years of age. Secondly, you must have a regular source of income. Whether that’s through full-time or part-time work, you will also have to be earning at least more than the amount you intend to borrow. This is so that the payday loan lender is able to judge whether or not you will be borrowing responsibly, and can actually pay back the debt that you owe on the agreed date.
Then of course you must have some kind of bank account that will work with direct debit. Even if you don’t have a debit card associated with your bank account, the chances are that you will be able to arrange a direct debit payment on the date of repayment. You should have some kind of bank account at least in order to be able to receive the funds you need, also. You can’t expect to apply for a payday loan without any way of transferring the funds that you need, and making the transaction on the date of repayment.
As long as you can fulfill the above criteria, you will easily be able to obtain a payday loan. Your application will be processed much quicker than any other kind of loan application – payday loan lenders are famous for this kind of efficiency. As soon as you make your application, the chances are that your application will be granted the very same day. Furthermore, it is also likely that you will be able to receive the funds you need in your account the very same day!