Hey Guys
i have a prepaid Credit Card
and i wanted to apply for a loan Online
i have all The number i will use as acount
is Possible if i apply for a loan in one of the loand companies
because at the office they told me
Only Direct Deposit
so is it right
or i go ahead and apply?
Thanks in Advance
2006-09-26 19:21:14 · 3 answers · asked by Momomada 3 in Business & Finance ➔ Credit
Unfortunately. You will need a checking or savings account to get that loan. It can not be credited to a prepaid card.
2006-09-27 00:46:53 · answer #1 · answered by webworm90 4 · 0⤊ 0⤋
A prepaid credit card, a Loan, and Direct Deposits are not the same things. Having one, or not having one, should not affect the other entities.
Sounds like you need a loan, and a loan is made based on your credit history, current assets as collateral, or your salary/paycheck as a way to give the lender confidence that you can pay back the loan. You can always apply for a loan, but you may get turned down if you don't qualify. If you are turned down, check with the loan officer as how to improve your ability to get approved in the future.
2006-09-27 02:39:23 · answer #2 · answered by justdennis 4 · 0⤊ 0⤋
A prepaid credit card (assuming it isn't a collateralized card in your name) will not show up on your credit report, thus it will be no help in applying for a loan.
2006-09-27 05:10:28 · answer #3 · answered by BSFSU 2 · 0⤊ 0⤋