Debit card loans (also known as pay loans or pay day loans) are small, short-term loans which are intended to cover any expenses such as bills or food until the borrower’s next pay day. They can, of course, also be used for other purchases such as luxury items and holidays should the borrower wish, as long as they are able to pay off the outstanding debit card loan on their next pay day (or the date agreed by the lender).

Skint.com offers British men and women the opportunity to borrow £80-£750, and this sum is set to be repaid in a maximum of 31 days after the loan is received; these short- term debit card loans are only available to those who bring home at least £750 a month to ensure the loan can be repaid. Although the average salary of Skint.com’s pay day loan borrowers is between a healthy £15,000 and £35,000, many still find these quick and simple loans useful to fund emergencies or financial mishaps.

Pay loans are useful for a whole range of cash emergencies, including avoiding late fees or bouncing cheques where the charges could amount to a larger sum than that of the pay day loan. By ensuring your account is credited with enough money, you could avoid these charges as well as helping to maintain your positive credit rating.

Skint.com’s pay loan process is simple, and takes just minutes to apply. The online application form is completed by the prospective borrower, and is then instantly accessed by a bespoke underwriting system which approves each application and sets a pay day sum. This sum is then deposited into the borrower’s account (the same day if submitted before 3pm), and is then debited on the date set using the customer’s bank account debit details.

Ideal for those who want a low-cost instant loan, debit card loans help borrowers to get instant cash without having to take time off work to get to a bank. The loan application itself is quick and simple, making it easier than ever before to get your hands on hard cash, fast.