Payday loans are quick, easy, and convenient ways to get cash fast. If you don’t have an active checking account, you might think you won’t qualify. Many lenders require a valid debit card to ensure they will be repaid. How can you get the money you need?
What Is an Unsecured Loan?
Most payday loans are secured loans. This means the borrower has collateral, like a car or house, that the lender can sell or access to recoup some of their loss if the loan is not repaid as agreed. For a payday loan, lenders often ask for your debit card or a check for some portion of the loan amount.
Some lenders offer unsecured loans. These funds are made available without the need to pledge collateral. That means you can qualify for payday loans and no debit card is required.
Secured vs Unsecured
The main difference between secured and unsecured loans is the interest rate. Unsecured loans tend to have higher interest rates. This is because the lender is less likely to get their money back if the borrower defaults on payments.
Borrowers with questionable credit often think they can’t get an unsecured loan. But there are lenders who offer these loans.
Payday loans can be a lifesaver when you need them. Keep in mind that, depending on your credit rating, they can be expensive. However, if you use them wisely and pay them back quickly, they can help you make the best of a bad situation.
The Funds You Need, When You Need Them
Are you experiencing a cash emergency? Our network of lenders can help you find the money you need. Our application process is quick and simple. Apply today, and have access to your money in 12 hours. We specialize in helping people with less-than-perfect credit. And once you’re approved, we can customize a comfortable repayment plan that fits your budget.
Whatever your financial circumstances, we can get you approved. Contact us to find out about our payday loans and no debit card required.