Is it possible to get payday loans without a bank account? This is one of the most common questions asked by people when they want to apply for payday loans. Well, the fact is that there are many credit companies out there that will approve payday loans from those without a bank account.
Payday Loans Tips
If you do not have a bank account but urgently extra cash, there are some easy tips you can follow to get the money.
- Ask for Reference
The easiest thing you can do is asking for references from family or friends that have experience with credit companies. Their opinion and suggestion are more trusted. You can also do some researches on the internet to check the credit companies where you can apply for a payday loan without checking your bank account.
- Check Out Loans with Prepaid Debit Card
A debit card account can be your ticket to get payday loans without a bank account. The cards can issue you on the account in the right place. You will receive the loan approved through the debit card account. If you have at least one current credit card that works, some financial companies will also credit that.
- In-Store Loans
To get loans with no bank account, you can also use the the ones that taken in-store. Either it is with or without collateral, the payday loan is possible to get. In-store loans usually will require you to show up in person. In this way, your application will be approved on the spot and you will get the money right in the place.
Another easiest way you can do to get payday loans even without any bank account is applying to pawnbrokers. One of the best things you can get from the pawnbrokers is that you will have a lower risk to become indebted if compare to the other types of loans that do not need a bank account.
Don’t Do It for Food!
Aside from the ease you can get from the loans that need no bank account, make sure that you have a good reason to ask for the loans. The loans should be used for something productive such as starting a business or grow it up. If you apply for the loans to get some cash so you can buy foods, it will not be a wise decision.
You also need to make sure that you do not pay for the loans by using another loan. This will lead you into a serious financial problem in the future. So, think carefully before you apply for the loan.
What to Know Beforehand
Before applying for the loan you need to have a job first before with a regular paycheck to make sure that you can pay for it. This will also be better if you have a social security check to ensure that you have that ability. Make sure that you also understand that payday loans without a bank account are all title loans or prepaid debit cards. Next, it is also helpful if you compare several offers before deciding to apply for the loans.