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Can you get a payday loan without a checking or savings account?
Wiki User
∙ 14y ago
I don't think so. The way this works is you write a check for, say, $500, and the payday people (loan sharks) promise not to cash that check for two weeks. They charge between 15% and 30% interest for this privilege. You have the cash to spend before you actually get paid from your employer - once you DO get paid, you need to deposit that into the checking account to cover the $500 check written two weeks prior.
NO - in order for them to give you a loan they need to have a cheque and access to your chequing account incase you try to stiff them of course. It has to be a chequing account. Plus you need to be employed with proof of employment, you 1 to 3 most latest pay stubs that usually have to be direct deposit, have references, have a phone & address, bank statement with no NSF's, and much more.
Wiki User
∙ 14y ago
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Which payday loans accept AccountNow Visa because I do not have a checking or savings account?
No traditional payday lenders will accept an AccountNow Visa card in the event that you don't have a checking account. Accountnow does offer a payday lending product, however, to cardholders.
Can you get a payday loan with a savings account?
No! You must have a credit account!
Can you get a payday loan with a Prepaid account?
It is not likely you will get a payday loan with just a prepaid account. In order to get a payday loan, you need some guarantee that you will get your next payday. Lenders will ask that have a steady job, an active checking account and possibly signed up for direct deposit too.
Can I get a payday loan with only a debit card?
The answer depends on the issuer of the debit card. Most payday lenders will NOT allow the use of a debit card as the primary source of funds - they usually want a checking/savings account, specifically the one into which your paycheck is deposited. When you apply for a payday loan, most often times the money is deposited directly into your checking account...therefore, you may use your debit card to access the funds from your checking account like normal. Some payday lenders will allow you to use a debt card ONLY if the debit card was issued by them (I am only aware of SpeedyCa$h and AccountNow providing the service). Yes, you can but it depends on the terms and conditions of the lendor company as usually a payday loan is paid through salary checks only. For more information and to apply for debit card payday loans please refer to the related link.
Where can you get a payday loan with no bank account?
It is quite tough to get a payday loan without a bank account but you can find some companies which offer these facilities too.
Which payday loans accept AccountNow Visa because I do not have a checking or savings account?
No traditional payday lenders will accept an AccountNow Visa card in the event that you don't have a checking account. Accountnow does offer a payday lending product, however, to cardholders.
Is there a loan company that will do payday loans with a savings NOT checking account?
Highly unlikely. The check you offer them is a legal promise to pay. With a savings account, you have no means of making such a promise.
What do savings account payday loans usually give?
Savings account payday loans allows one to get payday advances. If one has an emergency, one can easily get a cash advance in a few minutes. The funds are then deposited in one's savings account.
Can you get a payday loan with a savings account?
No! You must have a credit account!
What is a brief description of what a savings account payday loan is?
There are many different varieties of ways that one can describe what a savings account payday loan is. The best way one can describe it is as cash advance that contains very high interest.
Can you get a payday loan with a Prepaid account?
It is not likely you will get a payday loan with just a prepaid account. In order to get a payday loan, you need some guarantee that you will get your next payday. Lenders will ask that have a steady job, an active checking account and possibly signed up for direct deposit too.
Where can one get a payday loan with no checking account required?
There are many places one might go to obtain a payday loan with no checking account required. The 'Owana' website is one such place one might go to obtain such a loan.
Can I get a payday advance with no fax machine?
If you go to a local payday like Amscot you can get a payday advance without any fax machine. You just have to show your last pay stub and have an active checking account. Try and do this sparingly as these kind of loans have an unusually large interest rate,
Can I get a payday loan with only a debit card?
The answer depends on the issuer of the debit card. Most payday lenders will NOT allow the use of a debit card as the primary source of funds - they usually want a checking/savings account, specifically the one into which your paycheck is deposited. When you apply for a payday loan, most often times the money is deposited directly into your checking account...therefore, you may use your debit card to access the funds from your checking account like normal. Some payday lenders will allow you to use a debt card ONLY if the debit card was issued by them (I am only aware of SpeedyCa$h and AccountNow providing the service). Yes, you can but it depends on the terms and conditions of the lendor company as usually a payday loan is paid through salary checks only. For more information and to apply for debit card payday loans please refer to the related link.
Where can you get a payday loan with no bank account?
It is quite tough to get a payday loan without a bank account but you can find some companies which offer these facilities too.
Is it safe to get payday loans direct to my checking account?
If you get the loan to your account then they can take payment from you whenever they want so it is better not to do a direct deposit.
Is it easy to get approved for online payday advances?
It's easy to get approved for a payday advance both online and off if you meet the qualifications. You need to have a checking account, and have a job as well.
