what loan companies accept prepaid cards

Mango Prepaid Mastercard The Mango Prepaid Mastercard has one of the lowest monthly fees among the prepaid debit cards that come with fees. You can apply for an unsecured loan up to 10000.

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We can help you build or rebuild your credit history-without the high fees finance companies may charge.

. So provided the prepaid card company has followed the rules if it were to go bust the bank or building society where your moneys held will still retain your cash. With a Share Secured loan you can borrow money using the funds in your Share Savings account as collateral. Overdraft Line of Credit.

It also charges no transaction fees though it has no option for fee-free ATM withdrawals. A credit card is a payment card issued to users cardholders to enable the cardholder to pay a merchant for goods and services based on the cardholders accrued debt ie promise to the card issuer to pay them for the amounts plus the other agreed charges. Reload for free with direct deposit card-to-card online transfers or bank-to-card transfers.

The card issuer usually a bank or credit union creates a revolving account and grants a line of credit to the cardholder. Money on prepaid cards is classed as electronic money and all prepaid card providers are required to hold your cash in a bank account ringfenced from their own operating cash.

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