lakeesha Hennessy Williams answered
Getting a loan against your credit card is one of the easiest loans to get for employed people with a regular wage if they require a short-term loan fairly quickly.
Some lenders do require that you have a minimum salary of £1000 paid into your bank account every month so that they can see you are capable of making your repayments on time and that you have been employed for at least three months.
Getting a loan using my debit card
The process is fast and simple and the online forms easy and straightforward to fill in in only a matter of minutes.
1. You must be at least 18 years of age or older.
2. You must have a Debit card registered in your name, a bank account and prove that you can make the monthly repayments.
3. Make sure that the lender will loan you the amount you require as some lenders will only lend between £80-£750, while others will loan you £100-£1500.
4. Choose the lender that has repayments that you can comfortably afford to pay and suits you needs. Make sure to check the interest rate. The higher the interest the more money you will be paying back to the lender which could be considerably more than you originally borrowed.
5. Fill in the online application form. They will need personal details such as your name and address, date of birth, employment details and bank details, the amount you wish to borrow and then submit it to the lender.
6. You should receive a decision fairly quickly, usually within a matter of hours.
7. The money will then be deposited into your account the same day.
8. The loan is against your Debit card and the repayment is taken directly from the card and paid to the lender just the same as any other purchase that you use your card for.
9. All you need to do is ensure that you have sufficient funds in your account on the day the repayments are due so that you do not incur late payment fees.
Some lenders do require that you have a minimum salary of £1000 paid into your bank account every month so that they can see you are capable of making your repayments on time and that you have been employed for at least three months.
Getting a loan using my debit card
The process is fast and simple and the online forms easy and straightforward to fill in in only a matter of minutes.
1. You must be at least 18 years of age or older.
2. You must have a Debit card registered in your name, a bank account and prove that you can make the monthly repayments.
3. Make sure that the lender will loan you the amount you require as some lenders will only lend between £80-£750, while others will loan you £100-£1500.
4. Choose the lender that has repayments that you can comfortably afford to pay and suits you needs. Make sure to check the interest rate. The higher the interest the more money you will be paying back to the lender which could be considerably more than you originally borrowed.
5. Fill in the online application form. They will need personal details such as your name and address, date of birth, employment details and bank details, the amount you wish to borrow and then submit it to the lender.
6. You should receive a decision fairly quickly, usually within a matter of hours.
7. The money will then be deposited into your account the same day.
8. The loan is against your Debit card and the repayment is taken directly from the card and paid to the lender just the same as any other purchase that you use your card for.
9. All you need to do is ensure that you have sufficient funds in your account on the day the repayments are due so that you do not incur late payment fees.
