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Wednesday, August 18, 2010

Payday Loans No Debit Card - No Debit Card Required

payday loans no debit card is an easy way to attain finance for people who do not have a debit card. After they fill in their application form correctly, the advances reach the borrowers account within 24hours.

Payday loans no debit card is an innovative mode of applying for an advance. This method is formulated as not many borrowers have a debit card.

These advances are granted for a short period of time. Thus their sanction is also carried out quickly.

The applicant is sanctioned credit ranging from £80 to £1,500. This amount may be used by the borrower for satisfying his urgent credit needs. They can be repaid within 1 to 30 days. The repayment period is flexible. It can be extended to a certain limit.

These advances are extremely beneficial for people with emergency needs. Thus, they are beneficial for short term requirements. They are availed without the need of a debit card. Also, they are advanced without any credit check.

Payday loans no debit card have a comparatively high rate of interest. The amount advanced has to be repaid along with the accrued interest. Thus, the borrower should be extremely cautious about the utilization of his funds.

To be eligible for such credit; the applicant must be a permanent citizen of UK. He must be over 18years old. He must be employed and earning a salary of over £ 1000 a month. He must have a valid bank account in his own name. He must have stable employment for more the 6 months.

Payday loans no debit check can also be applied for online. The borrower does not have to use the age old technique of standing in line to apply for this finance. Only a simple application form is required to be filled. This contains the name, address and age of the applicant. The lender then scrutinizes the application received. He then sanctions the amount after he is satisfied with the financial standing and credibility of the applicant.

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