Dont Use Debit Cards: Payday Loans for Your Short Need

by : Scarlette Riley

Financial crunch situation is common for everybody. Shortage of funds can bother you at any point of time. When you have to meet any urgent monetary requirement and the pay day is too far, you should not worry. Payday loans no debit cards are designed specially to assist you in such crunch situations without using your debit card. These are unsecured loans. No guarantee or security is required. You only have to complete an online application form. Within a couple of hours the lenders will contact you. If the funds get approval then they are transferred to your bank account within next few hours.
Using debit card for everything may always not be good for you, because it may also have a downside. You can not withdraw money always even you have a debit card. Even if you can you may have to pay huge overdraft charges. But with payday loans you can avail cash any time.
You can apply up to ?1,000 and above. Funds are transferred into your bank account instantly. Though the funds are approved for a short period of time, still it can be extended by paying some extra amount.
To apply for this loan you must be a permanent resident of UK. You should be a salaried person and you should have a valid checking account. There are no restrictions as how you are using the funds and the approval criteria are generally lower than that of other loans. You do not have to worry even if your credit ratings in the market are not so good.
The requirement of documents may vary from lender to lender. Generally applicants only need to submit a proof identity, current employment, residence and active checking account. You may have to submit your recent bank statements, latest salary certificate, and a both side photocopy of your of your id card.
There is a lot of press focus on payday loans recently. But it should be mentioned here that it is generally down to the borrower's failure to meet the repayment term of the lenders. Sometimes the borrowers fail to repay the loan advance within the agreed term. Then large amounts of interest start to accumulate which can complicate things.