Short-term lender Zebit has launched a «prepaid» Mastercard with a huge four-figure APR and is motivating visitors to go shopping.
The Zebit card claims to be a prepaid credit card but is effortlessly a short-term loan with an intention rate of an astonishing 2,012per cent.
Like payday lenders, Zebit targets the economically excluded with woeful credit records. All you have to use is just a working task and a bank-account, and become over 18 years old.
How can it work?
Although Zebit claims to supply a prepaid Mastercard to help individuals without a bank card purchase things online, the key huge difference between it along with other prepaid cards is the fact that itвЂ™s Zebit that loads the card, maybe not the cardholder. And also this comes at a price. Continuar leyendo «Zebit: the prepaid credit card that is a real short-term loan»