Zebit: the prepaid credit card that is a real short-term loan

Zebit: the prepaid credit card that is a real short-term loan

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 it’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»