Pay day loans and prepaid cards. Wondering whether a payday can be got by you loan…

Wondering whether you may get a cash advance added to your prepaid credit card? It is possible – but you will find good reasons why you should think hard.

To start, although this will be theoretically feasible, borrowing cash to top up a prepaid credit card goes from the initial reason for prepaid cards. It was allowing those that couldn’t obtain a debit or credit card, or maybe a good banking account (as a result of credit dilemmas in past times), in order to make card re payments in place of counting on money. Pretty essential in an extremely cashless globe Including lent cash up to a card made to help people invest just the cash that they always live within their means – could lead to further debt problems for anyone’s who’s struggled with this in the past that they already have – so. [Read more...]