Payroll loan with benefit card?
Is this possible? Paycheck loans are one of the most secure ways to lend money to borrowers and borrowers. The collection of parcels is automatically deducted by the government agency, the union or the employer.
With the “payroll loan”, people with a “dirty” name, that is, that are in the SPC’s registry or in the medusa can request financial resources without bureaucracy or difficulties. In addition to the low rates and special conditions, it is also advantageous for the contractor not to have to worry about the debts of the monthly installments, having to go to the financial institution to make the payment.
The contracting of the payroll loan occurs in two ways: directly on the social security payroll and on the payroll, in order to make it easier for retirees, during the meeting of the National Pension Board discussion about the possibility of the payroll loan being released through the social security benefit card.
What is benefit card?
In order for the institutions responsible for the payment of pensions, pensions or aid due by the Social Security, the insured, dependent, retired or pensioner to receive the benefit by means of account credit or specific magnetic card (benefit card), to facilitate the movement of the retirement money or pension. With the benefit card, it is possible to withdraw money received from the social security at any cash terminal or in the Lottery Houses.
Currently the social security benefit card rules do not allow the retiree or pensioner to receive cash from loan operations on the card itself.
Since the paycheck loan was launched, it has undergone numerous changes to bring more security and make the concession quicker, easier and safer for retirees and pensioners.
Ideas, proposals and goodwill everyone has, the problem is the bureaucracy, so that the consigned loan with benefit card is approved, a lot of discussion and more discussions will be done until the proposed changes happen, everything is very time consuming in that Country, the category tries to change rules on payroll loans to avoid the indebtedness of retirees and pensioners at times.