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Saturday, August 29, 2009

Debit Card Quick Loans - Prompt Hassle-Free Urgent Money

Debit card quick loans are the solutions to the hassle free money for the borrowers when they need it for emergency such as getting rid of unexpected bills, repairing a car in the same day or any family urgency. There is no need to prove your employment status and faxing of many papers related to your credit worthiness. All you have to prove is that you have a debit card that itself is the proof of your repayment capability.

Once the lender is satisfied with your repayment capability, you can borrow the loan amount within 24 hours in your bank account. you can take out the borrowed amount through debit card.

Debit card quick loans generally range from £100 to £1500. Approval of these loans is usually for a very short period of two weeks with the repayment date fixed as your next payday. if you want to stretch the loan repayment period for a month or so, you should fist pay back the interest charges to the lender.

An advantage of these loans is that the borrowers do not have to go under the credit checks. Without any credit enquiries from the lenders and credit checks, even those people have easier and quick access to an amount of loan whose credit history has blemishes like late payments, defaults and CCJs.

However, due to short-term and absence of security, debit card quick loans are accessible at high APR. for salaried people, these are costly loans. But you can search for some affordable offers of such loans on the Internet. Compare as many such offers as you can and settle for the loan that involves comparatively lower rates of interest.

To avoid falling into any debt-trap, it is necessary that you repay debit card quick loans on the due date. Any delay in the repayment may result in penalties and enhanced interest charges.


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