Of course, many lenders in the US require applicants to have an active checking account in their name in order to qualify for a loan, so opting for a prepaid card loan comes down to finding lenders that offer the service.
Payday Loans with Checking Account
If you’re an American checking account holder with more than three month’s banking history, you’re in luck. You already meet with one of the biggest eligibility requirements of most providers of payday loans USA – you can borrow money at Viva Payday Loans with relative ease!
There are a few reasons why lenders smile on applications that have a checking account handy. First and foremost, a checking account makes it quick and easy to verify your income and paints a pretty clear picture of whether or not you’ll afford the payments. Verifying your cash flow and looking at how much money you spend, will also give risk assessors a clearer idea of what type of borrower you are. The lender can see how much you earn, what date your funds come into your account and set up a direct automatic debit to whisk your loan installment straight off your bank account when it’s due.
If you’ve got a checking account, you can borrow money online at Viva Payday Loans. If you meet the other minimum requirements, you can borrow anything from $200 to $5,000 with loan repayment terms of 2 to 24 months. As with most of our instant payday loans, the interest rate varies from 5.99% to 35.9%.
Payday Loan Apps
Viva Payday Loans is within the apps that loan you money, as you can submit your loan application to several lenders using only your mobile phone. …