Month: April 2018

A prepaid mastercard debit card

Why choose a prepaid MasterCard debit card over a credit card? Having a credit card has its advantages and its risks. On the plus side, a credit card may make available cash to spend if you’re short of funds at a given time. On the downside, having a standard credit card carries the risk of running up large debts that you can’t really afford.

Yet in much of modern life, a piece of plastic is essential. As an example, it may prove difficult to purchase things over the internet without one. Yet even if you decide to take the risk of applying for and carrying a credit card, you may find that credit history checks are common and some people may not qualify. You also may face fees and charges related to non-payment or late payment of your monthly credit card bill.

So is there a solution to this puzzle? Yes there is and it’s called a prepaid debit card.

The prepaid credit card

A prepaid MasterCard debit card is very similar to a standard credit card except that no credit (and therefore no debt for you) is involved. You have a valid plastic card that has a value that varies depending upon how much money you have loaded onto it beforehand.

So you can load say $20 onto your card and know that you can spend up to $20 on it and no more. It may prove to be an excellent way of controlling your spending.

Useful for children

We perhaps sometimes forget as our children are growing older that more and more establishments are becoming ‘plastic only’ and if they’re out and about they may need a card to help them get by. The prepaid debit card may be a useful way of giving your kids a ‘set limit’ they can spend and no more.

Security

Having cash in your pocket may give you a pleasant feeling but that won’t last if someone steals it from you or you lose it. Having a prepaid debit card means you have spending power on you but if your card is stolen or lost, you only have to make a simple phone call to the card provider to block the card. It also cannot be used to spend more than you have loaded onto it anyway.

Applications

Prepaid debit cards are issued by specialist internet providers. Finding out more about a prepaid MasterCard debit card may be a good idea.

Getting a payday cash advance

Sometimes you may find that you’re a little short of cash and payday still seems a long way off. Getting a payday cash advance may just help you survive.

There could be many reasons why that’s the case. That washing machine that’s just broken down or the child that’s just come in with their coat ripped beyond repair – things such as these may need cash ‘now’ and they just won’t wait until you next get paid.

A payday cash advance operates to help you in such circumstances. It is a quick, same day loan facility designed to offer very fast access to typically smaller loan amounts. This form of cash advance loan is typically repaid in full on your next payday or possibly the one immediately after.

This helps you keep in control by avoiding long-term debt repayment commitments.

As these loans are aimed at smaller amounts advanced over shorter periods, the lenders are typically able to offer fast decisions and access to cash without lengthy formalities. As a general rule, all that’s required is:

1 – you make an online application – you’ll typically get a quick decision;
2 – if the decision is ‘yes’, the money will be sent automatically (often in less than 2 hours though it may arrive the next day depending on whether your bank can accept instant transfers) directly to your bank account;
3 – on the agreed payday date, your bank account will be debited with the loan and charge amount as pre-agreed with the payday loan company.

Of course, any loan requires that you meet certain minimum criteria but with cash advance loans the requirements may be less demanding than with other longer-term loans and may also not require a full, in depth credit check. To be eligible to apply for fast cash advance loan, you may need only to show that you are:

1 – in permanent employment and receiving a regular salary;
2 – not trying to borrow more than is sensible given your salary;
3 – a United States resident at a permanent address and with an active bank account.

As these loans are typically for smaller amounts repaid quickly, the lenders may even be more relaxed about problems with credit histories – providing these are not too severe.

A payday cash advance could help you survive a crisis one month and may be a solution when a fast cash injection is needed.

Instant cash advance – using money when you need it

If you need money quickly, you need a loan type that’s going to provide it fast and not get bogged down in days’ of applications and decision-making. That’s where an instant cash advance may have a role to play.

A fast world needs fast decisions

Whatever the purpose, if you need a loan fast then you need essentially three things:

– An easy to use online application process that avoids both lots of administration and the need to provide vast amounts of information;
– Quick decisions;
– Very fast access to the cash itself.

This is what something called a payday loan is all about. It can typically provide you with an instant cash advance (or at least a very fast payday loan) and the minimum of fuss. The amount you borrow is repaid on your next payday, together with any interest and fees.

Payday cash advances – how they operate

There loans around that cater for large sums advanced over lengthy payback periods. These are typically used for buying cars; home improvements or other very expensive items.

The payday loan is different. It may be able to advance sums to you that are typically smaller amounts to cope with a sudden expenditure need such as an emergency bill or the opportunity to snap up a bargain. Once you have the fast cash loan, you simply arrange to pay it all back when you next get paid, thereby avoiding long-term commitments and debts.

They are typically available through the websites of the specialist payday loan companies. All you have to do is make a simple online application and you’ll get a quick decision. If approved, the money could be in your bank account within as little as 2 hours, or the next day, if your bank does not accept immediate transfers.

Payday loans also do not have to cost a lot, either! In fact, they can often work out cheaper than going overdrawn on your bank account. (For comparisons, take a look here: https://www.finder.com/best-payday-loans )

What you’ll need

To qualify, you’ll typically need to show that:

– You have an active UK bank account and debit card (to both receive the payday cash advance loan amount and to repay via direct debit the agreed repayment figure on a date you agree with the lender);
– You have a permanent address in the UK;
– You are in permanent employment and receiving a regular wage;
– The amount you’re asking for is realistic when compared to your regular income.

An instant cash advance may even be approved if you have some issues with your credit history. Finding out more may be a sensible move.

what is a pre pay debit card?

We all want to feel in control of our spending and having a pre pay debit card that you can use to make purchases may be extremely useful in a variety of circumstances.

So, just what is a pre pay debit card (also known as a prepaid debit card)? A pre pay debit card is not like a regular credit card. You can only spend the amount of money that you have loaded onto the card at any one time. This means that there is less chance of overspending and possibly running up the credit bills that can so easily happen with a traditional credit card.

Prepaid cards are available online from specialist card providers who may also be able to set up an e-bank account to complement the card.

Flexibility

This could mean that in addition to having the flexibility of the card itself, you could also have your salary paid directly into the account or set up standing orders to make payments on a regular basis. Giving you greater control of your money is the key here, as this can be a way for you to side-step your bank as all payments go out from the card – so no interest and no charges.

The main strength of the prepaid card may be that you can use it like cash but without the risks involved in carrying around what could potentially be fairly substantial amounts of money.

If you have ever reached into your pocket to find your money only to discover that it had fallen out or been stolen, then you’ll know only too well that the chances of you seeing that money again are almost zero. If the same happens to your card, you only have to contact your provider to put a stop on the card and prevent it from being used by someone else.

Loading the prepaid card

One of the features of a pre pay card is that it can often be managed online or you can credit cash to it using pay point facilities available in an increasing number of shops and outlets. Some providers – such as Speed-e-card – can top up an activated card using a payday loan from Speed-e-loans.

Children can be especially vulnerable to losing money or having it taken from them so using a card may be particularly helpful for them as well as introducing them to the grown-up world of managing their own finances. This may be particularly true on things like school trips where they may need enough to last them for several days.

Then, if there’s a phone call home on the last day to say that the pre pay debit card is empty and your present is still to be bought, you may be able to simply charge it up again online in a matter of minutes!