Simply Credit, a new credit program from First Bank of Delaware

First Bank of Delaware, known for its prepaid card programs has released a new system of loan called Simply Credit. It is provided everywhere 24 hours a day, 7 days a week. Credit receiving procedure takes just a couple of minutes necessary to complete an online application and to get approved. Accounts can be accessed on company's website or via free toll number. The fee for transaction is $1.20 (12%) for every 10  dollars borrowed. No other fees are changed including late and over-limit fees. The service is also available in three major credit agencies.

“Holders of prepaid card products, many of whom are underbanked and unbanked, need access to credit to cover short term obligations or cash related emergencies. Our goal is to provide these consumers the credit they need. Through superior technology and support, Simply Credit provides an excellent consumer experience and an immediate opportunity for banks to serve an underserved market,” says Alonzo Primus, CEO of First Bank of Delaware.