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Who Can Get an online payday loan?
The borrower who can receive a loan online in the system is a US
citizen between the ages of 18 and 60. Any citizen must have an ID
number, permanent US registration address, mobile phone number,
email, and Visa or MasterCard payment card, or other credit cards
of the international bank.
If you are a new customer and you do not have any credit card
and you are not registered in the system yet, you need to take a
few simple steps:
register on the site, indicating the first name, the last name,
e-mail address;
create a password;
fill out an online application;
take a personal photo;
specify passport data, identification number, residence and
registration address, contact person, attach a photo of the
passport and registration page to familiarize yourself with the
rules of work in the system;
confirm your consent to the processing of your personal
data;
confirm your consent to receive your credit history in the
Credit History Bureau;
indicate the credit cards to which you need to transfer an
online loan.
How Are the Credit Cards Different From a Debit
Card?
A debit card is a card that stores only the money that the
cardholder has put on it. The card that your employer pays you your
wages is perhaps the most obvious example of a debit card. Most of
us are given such a card in the accounting department at the place
of work. You can also open a debit card yourself. For this, you
need to contact the bank and fill out an application.
The credit cards come in two options: regular credit cards and
the so-called “overdraft” debit cards. In the first case, we are
talking about credit cards. The cards initially contain only the
money that the bank gave you on credit. Of course, you have a right
to keep your personal money on a credit card. But the priority
still remains with the borrowed funds of the bank or at
directloantransfer.
What Is the Grace Period and How Is It Calculated Using
the Credit Cards?
This service is provided free of charge. It means that it is
possible to use borrowed money received from the bank without
interest. Only the credit cards with a so-called “grace period”
allow this thing to do. The bank indeed graciously allows you to
use the loan with free use of the credit cards. At the same time,
the grace period does not cancel the fees for issuing and servicing
the credit card, as well as fees for withdrawing cash from an ATM
or bank cash desk.
What Category of Borrowers Is the Credit Card For?
Credit cards are a universal banking product for all categories
of customers. Typically, banks issue
credit cards to people aged 21 and up until they reach
retirement age. Note that debit cards are issued from the moment a
person receives a passport, but banks prefer to work with an older
clientele (from 18 years old). According to bankers, every
economically active person should have credit cards.
What Is the General Scheme for Obtaining and Using the
Credit Card?
At your request, the bank will issue you a credit card and set a
credit limit to it. You can dispose of this limit at your
discretion throughout the entire validity period of the card, that
is, within two or three years. At the same time, you can spend only
a part of the credit limit or the entire credit limit.
How to Choose the Most Profitable Way to Get a Payday
Loan?
credit cards are a special credit product that allows you to use
borrowed money with no charge even at maximum rates. It will be
useful to study the bonuses provided by the card: discounts; return
of part of the amount spent back to the account. The so-called
“cash-back”, as well as ways to get in information about debt and
repay loans.
Can I Receive Loans Online on Different Payment Cards?
You can register several of your
payment cards in the system and choose a card to receive a
loan online. The only thing you should remember is that the card
must be issued in your name, and the validity period of the payment
card must exceed the final maturity of the loan.
Which System of the Card Should I Open to Get a Payday
Loan?
There are cards of the main international payment systems such
as Visa and Mastercard. The cards work properly all over the world.
Visa is more popular but in some European countries, they prefer to
work with Mastercard.
How to Pay off Payday Loans?
You can repay an online loan in one of the following ways:
with a Visa or MasterCard payment card in the Personal
Account;
by transferring from your bank account using Internet
banking;
in cash through payment terminals;
in cash through a bank branch;
using the accumulated bonuses that are in your Personal
Account.
Can Payday Loans Be Repaid Ahead of Schedule?
You can repay an online loan ahead of schedule at any time. In
the event of partial early repayment of the loan, interest will
subsequently accrue only on the outstanding balance on the
principal amount of the loan. In the case of full early repayment
of the loan, the accrual of interest for the use of the loan is
terminated on the date of full early repayment of the loan.
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