Credit and Debit Cards

Do i have to have a check to get a title loan or can i use my debit card?

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2009-06-11 22:13:12
2009-06-11 22:13:12

You can use your credit card

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No, you will not be able to get a payday loan on a child's social security disability check with or without a debit card.


A loan off of debit card like credit card cash advance? Yes


Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.


There are debit card loans, but they are basically payday advances.


All major payday loan lenders offer debit card payday loans. It is called debit card payday loans because the lender keep your debit card as a collateral and on maturity date the loan amount is withdrawn by the lender from your debit card. There are also some basic criteria which a payday loan seeker have to meet they are: 1. Applicant's age should be above 18years 2. USA resident 3. Monthly earnings at least $1000 4. Checking account with debit card For more assistance you can check the relevant links.


No, at most loan companies you must have a valid and open checking account because they hold the check as collateral.


The question itself, on my own perspective, has two meanings: 1. You are using the debit card to loan money from financial institutions or money lenders as a guarantee. ---- When you borrow money to some lenders, they require you to guarantee your loan with the credit card. They will allow you to lend from 70 - 100% of you credit card's limit. This scenario may not be applied to a debit card even if it has sufficient funds. 2. You are using the debit card to receive the loan that you have filed with a lending institution or money lender. ------ If the debit card is issued by the bank itself, the lending company can deposit your loan to this account for you to receive it by withdrawing using the card itself.



First of all, you cannot get a VISA debit card without having a checking (Or savings) account. A debit card does not exist stand-alone without a linked bank account. So, if your VISA debit card is linked to your bank account, then you can use it to pay for a loan. For a loan provider, the type of bank account you have does not really matter. All that matters is whether you'll repay the loan.


No. A debit card transaction removes money from your checking account. Securing a loan is more complicated, but requires far more paperwork and a payment plan.



A credit card is like a portable loan, where the money you spend isn't yours and you have to pay it back. A direct debit card is your money from an account.


The company named Check N Go offers pay day loan services, as well as installment loans, check cashing services, title loans, and a prepaid debit card for account holders to have a paycheck directly deposited in the prepaid account.


A debit card takes the money out of an existing account. A credit card, on the other hand, allows you to borrow money (which must be repaid) by paying someone (the loan) directly.


can funds be added to your prepaid debit visa account with a money loan?


A check card and debit card are the same thing. Basically, if you already have a checking account, you would use a debit/check card the same way you would if you wrote a check. You make sure that you have the money in your checking account, scan the card at the retailer, and they will deduct that money from your checking account. A credit card is a loan. You don't necessarily need a checking account to have a credit card. When you swipe the credit card, the credit card company is paying for your purchase out of their money. In turn, they will send you a statement or invoice at the end of each month detailing how much you spent and how much you must pay. The major difference is that a credit card can lead to debt if you aren't disciplined. If you only use a check/debit card, you will never go into debt. When you run out of money in your checking account, new transactions will be declined.


Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.


You can repay the LIc online by making use of you debit card.



AnswerYes you can get a payday loan with just your debit card, If you go online to speedy cash they allow you to get the money you need with just a debit card as long as you have direct deposit and you have the information for account route number and account number.AnswerNo. In order to get a payday personal loan, you need a stable job and a checking account. Some places may require you to have direct deposit. If you have neither of those things, you might instead go for a collateral or secured loan.


The answer depends on the issuer of the debit card. Most payday lenders will NOT allow the use of a debit card as the primary source of funds - they usually want a checking/savings account, specifically the one into which your paycheck is deposited. When you apply for a payday loan, most often times the money is deposited directly into your checking account...therefore, you may use your debit card to access the funds from your checking account like normal. Some payday lenders will allow you to use a debt card ONLY if the debit card was issued by them (I am only aware of SpeedyCa$h and AccountNow providing the service). Yes, you can but it depends on the terms and conditions of the lendor company as usually a payday loan is paid through salary checks only. For more information and to apply for debit card payday loans please refer to the related link.


The answer depends on the issuer of the debit card. Most payday lenders will NOT allow the use of a debit card as the primary source of funds - they usually want a checking/savings account, specifically the one into which your paycheck is deposited. Some payday lenders will allow you to use a debt card ONLY if the debit card was issued by them (I am only aware of SpeedyCa$h and AccountNow providing the service).


A debit card takes money directly from your account. A credit card takes the money from the credit card company, and the credit card company will bill you in monthly installments until you pay them back (plus interest). A debit card is like paying in cash, without actually having the cash on you. A credit card is similar to taking a small loan.


Yes. Debit card is just like paying with cash because your purchase or any payment you make is charge to your bank account. It is not through a credit account.


Yes. As long as the money is sent by ACH (automated Clearing House), which is an electronic transaction. You can also pay a loan, such as a payday loan, with your AccountNow prepaid debit card. Most payday loan companies allow you to use a prepaid debit card to pay back a loan. However, AccountNow has their own loan system. They offer short term loans, which they call the iAdvance Line of Credit. It is just like a payday loan but much cheaper. Since you already have an AccountNow prepaid card, you may just want to use this option. Call the customer service number on the back of your card to see if you are eligible. If you are eligible, the only requirement is to have direct deposit set up on you prepaid card account. For more information, visit: http://www.accountnow.com/services/iadvance-loan.aspx



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