www.CashPlusMore.co.uk

A question often asked by people in the UK when looking for a payday loan is whether or not they can be accepted for a loan if they do not have a debit card. To give you the short answer, you can certainly still qualify for a loan even if you do not have a debit card.

Often referred to as debit card loans they are a type of payday loan, this is where you can borrow a relatively small cash sum for a short period of time. It is often thought of as an emergency loan but there are no restrictions on what you can spend the money on.

Payday loans with no debit cards have been around for many years and have been accepted as a fast and convenient way to borrow money when you need it fast. It is a form of unsecured lending which means that you do not have to provide any security or collateral to be able to borrow the money.

If you think of it this way, when you sign a higher purchase agreement when you buy a car you are essentially using the car as collateral. This means that if you default on your payments the higher purchase company can take your car back. This does not happen with payday loans so there is no need to worry about losing anything.

The amount of money borrowed is usually quite low and tend to be a few hundred pounds at most. However if you needed it could be possible to borrow over a thousand pounds with payday loans. No debit card is needed however much you decide you need to borrow.

When you take out a short cash loan such as this you are expected to usually repay the money by the following month. This is because these are considered short term emergency loans and are usually taken out by people to cover a short term financial short fall. If you need to borrow the money over a longer period you can negotiate with the lender. There are lenders who are able to provide 3 month debit card loans if you do need longer to repay the money.

This is a fast and convenient method to get cash in your bank account when you need it urgently. You can apply online and you will usually get a prompt email response. If you are in a hurry it is possible to get the monies paid directly into your UK bank account the very same day.