For some time now people who have previously been refused credit have been able to turn to payday loans. This type of emergency lending has meant that if you have a poor credit rating or a bad credit history you are able to turn to a payday lender for a small cash loan of up to £750.
Whilst this type of loan can be many peoples only avenue of finance there are often stipulations that can still preclude many from obtaining this essential source of funding. The problem stems from the need for you to have a debit card to be able to qualify for this type of lending. A debit card is needed as this is the method most lenders favour for their customers to be able to repay their loans.
So are there any payday loans no debit card alternatives? Unfortunately not everyone has a debit card, some people just do not want one, others may not be able to get one because of their bad credit situation. This means that you may end up getting turned down for a loan even though you would have otherwise been approved.
Some payday loan companies however are able to offer alternative methods of repayment. The most common alternative is repayment via direct debit. With this type of lending you are often required to repay the money in less than thirty days, usually this is on the date that you usually get paid by your employer. With a direct debit instruction the money owed is repaid on a set date rather than using your debit card to repay the loan.
When you apply online you will be given the option to repay the money using a direct debit. Some companies may accept this option but not have the option to accept it on their application form. In this case you may have to telephone or email them directly to request this method of repayment.
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