I Need A Small Cash Loan But I Have No Bank Account. Where Should I Turn To?

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I Need A Small Cash Loan But I Have No Bank Account. Where Should I Turn To?

7 Answers

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Answer 1

Without a bank account getting a loan of any kind is going to be an extremely hard thing to do but you can get one with a little patience and perseverance.

An online search will produce a number of lenders who might be able to provide you with a 'No Bank Account Payday Loan' that will give you the money you need to help you over until your next pay day, hence the name.

Applying for a small cash loan when you don't have a bank account:
We all get caught short from time to time and may need a little extra help to see us through till our next wage packet comes in.

These are short term loans so they cannot be used to get a large loan to purchase a house or car with. They are purely to see you through a short emergency and then repaid when you get paid next.

Here's the steps to applying for a short term loan that you'll need to follow:

1. To apply for this kind of loan you need to be able to prove that you have a regular income in order for the lender to see that you can pay back the loan.

2. You must be over 18 years of age.

3. Go on the internet and do an online search of lenders.

4. Select a suitable lender online that suits your needs.

5. Fill in the lenders online application form fully with details about you such as your name, address, date of birth, your job and finances etc. This should only take a few minutes and they are usually very straight forward and easy to complete.

6. When you have completed the online application form fully submit it to the lender.

7. An answer regarding whether your application has been accepted or not will be received fairly quickly usually within an hour or so in most cases.

8. These loans can be pretty expensive due to the high interest rates that are attached to them and it may take a few days for the cheque to get to you.

9. When you receive your cheque you can then cash it at a bank.

Answer 2

Don't worry dear, you can still get help even if you don't have a bank account.

You can go for:

PayDay Loan Companies
Credit Unions
Doorstep Lenders

How To Get A Small Cash Loan
Many companies will offer easy credit with very little in the way of background checks. In fact, these companies are so notorious that there was a recent BBC Panorama documentary about them!

If you're planning to go down the route of fast cash loans, there are several things you need to bear in mind:

High interest rates are very likely.
These companies often pursue debts very aggressively.
If you miss a payment, you could be hit with extra charges - and end up in a worse financial situation!

Before you apply for a loan, I would seriously recommend you speak to an advisory body that can help you tackle your debt. In the UK, the Citizens Advice Bureau is a good starting point.

In the US, the Department of Justice has a list of approved credit counselling services, a list of which you can find here: Justice.gov/ust/eo/bapcpa/ccde/cc_approved.

If you're intent on going ahead with a unsecured loan, then a quick internet search reveals a number of companies that offer loans with no bank account requirements.

Here are a few examples:

Answer 3

There's an account called Card One Banking - it's available at www.cardonebanking.com.

Answer 4

A sure shot way of ensuring that you get a loan from a bank is having something to secure the loan with.

This will not only reduce the banker's risk but will also ensure that you get the best possible interest rate.

Most people find their residence is a good source of equity to secure their bank loan against even if it is a business loan.

Some banks will look at your life insurance for added security. The best possible security is having cash already in investments so you can use a personal guarantee to get your loan.

Ensure that you get a loan from a noted company or bank. There are lots of lenders out there who are more than willing to help you out of debt.

Payday loans as well as cash advance loans are normally considered high risk loans.

Answer 5

jackie answered

You can if you have good credit limit. Other wise it is very hard to get one without.

Answer 6

No problem, https://maybeloan.com/payday-loans/wa allows you to use fast credit 24 hours a day, 7 days a week. There is no need to visit banking institutions or even leave the house. You only need access to the Internet.

Answer 7

Get a bank account. They have starter bank accounts if you are having problems getting a reg/free one.

Good luck.