Find here all quick cash loans without bank account or credit check: quick cash loans without bank account needed and payday loans without credit check or checking account. There are credit companies that offer payday loans with no bank account required and other types of quick cash loans such as loans without the need of a checking account or credit check.
Loanpioneer.com is a convenient platform to find a personal loan. Through their network of lenders, they help people borrow up to $5,000 for any reason. Most lenders require a valid checking account to deposit your funds, but not all.
Payday loans without checking account requirements
Check out our selected lenders and loan companies where you can take out loans even though you don't have a bank account. We also found for you alternative solutions other than online loans without checking account, such as debit card loans with no bank account, installment loans, bitcoin loans, and in-store-loans.
Loans online without bank account
- Get a free bank account with N26 in less than 10 minutes and have your loan with PersonalLoans.com transferred to your new bankaccount
- Check these loan companies where you can apply for a loan without a checking account or bank account:
- Check out Prepaid debit card loans. With prepaid debit cards they actually issue you an account on the spot - a debit card account - and it will be the account you will be receiving the loan into. Some companies will even credit your current debit card if you have one that works!
- Find here a map of no bank account payday loan shops near you.
- Bitcoin Loans are also a possibilities for people needing a loan without a bank account. Bitcoin loans are rather new in the market and there are 5 main bitcoin loan companies.
- Consider taking a bank account so you can get a loan easier, we have a simply guide for you on how to get a free bank account without much hassle.
- Loans that are taken in-store, with or without collateral. In the case of in-store loans, since you are showing up in person, you may get approved and receive the money on the spot.
- Pawnbrokers are great for fast loans without bank accounts. At a pawnshop your risk to become indebted is generally lower than with other type of loans that don't require a bank account. Just be careful they don't overcharge you with interests and extra fees. If this is the case, better stay out of it.
How to get a loan without a bank account
- First in order to get a prepaid debit card loans, in most case you have to have a job with a regular paycheck which may include your social security check or similar.
- Second, know that all payday loans without a bank account are prepaid debit cards or car title loans that happen to be deposited on a card.
- Third, you it is always advised to compare several offers. Read it thoroughly as it can make a huge difference to your finances.
Payday loans no checking account: What to know beforehand
How to get a payday loan without a bank account
So, how do you get a loan without a bank account? The answer to this question is either get a prepaid debit card which means you receive a payday loan on a prepaid debit such as one with with companies such as Cash Central or Speedy Cash or a company with title loans such as Check Into Cash. You may want to give it a shot with the Horizon Credit Card too.
So, when you look for a payday loans without a bank account, what you are really looking for (and what you will get) is what is called a "prepaid credit card" or more precisely a "prepaid debit card loan". Yes, they are put on a card. Yes, you can use it for anything you want and yes: even taking cash from an ATM machine.
Loans that don't require a bank account: YES, they are easy to get!
Payday loans without a bank account are serious business but that does not mean there aren't business people being crooks out there: with thousands of establishments and billions of dollars changing hands every year, a lot of people get ripped off. Therefore we want to give you a real assessment of this industry. Consider yourself warned: these loans can be treacherous! If mismanaged, they are financial quicksand.
There are other possibilities for people needing a loan without a bank account, including something that is new in the market: bitcoin loans. There are several main bitcoin loan companies. Please be warned that the value of the bitcoin versus the dollar can fluctuate a lot. This means that it is possible that your loan can be much more expensive once you have to pay it back (or a lot less if you're lucky).
Bitcoin Loans Without Bank Account
Bitcoin loans are another option and is growing in popularity. With bitcoin, you receive the digital currency and don't need to have a bank account. With the bitcoin currency you can withdraw the money eventually or you can keep it online and make digital purchases. You may even want to consider using an online service such as Paypal, which doesn't require any sort of credit check to set up the account. All of this makes it easier than ever before to make sales and purchases.
Getting a loan in bitcoin is not so difficult. With so much popularity, many companies are now making loans wit bitcoin. We have a ready made comparison of the main lending platforms but here are some quick examples:
Read More
Here are some links that will take you directly to the information regarding loans without a bank account.
- How to get a loan without a bank account
- How to get a payday loan without a bank account
- Bitcoin Loans Without Bank Account
- Is a payday loan WITH a bank account better?
- What are "traditional" payday loans without a bank account
- Choosing a payday loan without a bank account
- Why take out a payday loan without a bank account
- So, is a payday loan safe?
- How to apply for a short term loan without a job and without a bank account
- Bank payday loans
- Tips for a Payday Loan Approval
- Alternatives to payday loans
- Are payday loans available in my state?
- The costs associated with payday loan without a bank account
- Payday Loans Q&A
Payday loans no bank account: a friendly (perhaps, fatherly) bit of advice
Let's start with a warning about loans without a bank account: any of them - regardless of what other people, bloggers, experts and so on say - are serious financial decisions. If you are in a financial situation that truly and utterly requires that you use money right away, such as a medical emergency or a life threatening situation of any kind, surely go ahead and take out a payday loans without checking account requirements. Otherwise, find the help of friends or family, or read the advice on the various pages of Moneyless.org such as our tips page.
Consider yourself warned: these loans can be treacherous! If mismanaged, they are financial quicksand.
Look at this report by John Oliver on Last Week Tonight on what is called "predatory lending"
Loans without bank account: don't do it to buy food!
If you are hungry or need money to eat now, there are alternatives that can get you a belly full such as reading the great information about dumpster diving which not only will get you a belly full but will get you a hand full of friends. The founders of this site met and still make friends while dumpster diving for example. Look at this guy here on this video (in dutch): it is one of our founders Robino, 4 years ago, talking about living a happier life without having to rely on money so much and taking care of his daily caloric needs with nothing more but the high quality refuse of wealthy people and companies.
Before considering a loan without a bank account, know that you have friends.
Even if you are in a situation that you feel like you are alone, there are socially powerful communities out there of smart, talented and interesting people willing to get you to think about money in a different way. For example, communities that likes dumpster diving, hitch hiking and sharing their homes with each other. NOTE: If you are homeless, there are ways to collaborate and find a place to settle down until you can position yourself better in society. Read some tips on living life without money.
Resolving your debt problems: beware of payday loans that don't require a checking account
If you're indebted there are certainly ways out of that situation. Often there are organization that may help you with debt repayment. They can help you finding a cheaper loan provider to get rid of your current debts or help you with courses on money and dealing with money in your personal situation. These may be great opportunities that help you to move on with your life and stay forever out of debt.
I need money now: you do not need debit card payday loans!
If you're stuck with little money than there may also be other ways to find what you need. You can look for free food for example and choose not to buy things that you do not really need. It's also not impossible to simply not buy anything for a whole year. Other things you can do is sell stuff that you own, such as your car, or go to a pawn-shop. A pawn-shop is often a great way to get quick cash while not running any risks of having to pay back your loans.
Getting a loan with a bank account is not that much more difficult
The process was made simple by companies so they can approve as many people as possible. The charging of extremely high interest rates just offsets their losses because a bank account is usually the only way a financial institution gets to use in order to determine if you will pay a loan back (when trying to get a normal payday loan). However, you can get a bank account quite easily these days with only banks such as Holvi, Kontist and Number 26 if you are in Europe. If you are in the United States, try Simple.com in order to get a bank account without ID.
Some traditional personal loan options for you that may offer a debit card option!
Is a payday loan WITH a bank account better?
Of course it is. Having a bank account can make life so much easier. You can receive direct deposits or you can obtain loans from the local bank directly into the bank account. The problem with is that some banks simply won't approve you for an account. If you have gone through bankruptcy, do not have a job or owe money to different organizations, they may turn you down. Without a bank account, handling your finances becomes trickier than ever. So what is it you are suppose to do in order to make sure you receive money when you need it, but you don't have an account? You need to consider a loan without bank account.
Loans for people without a bank account: how to find the best options
Not only it is important to know what are the financial products that are available to people looking for loans without a bank account, but it is also important to know how to search for these properly. This means that online search results can vary - a lot - and just because a website is shiny and looks legitimate it does not mean they won't rip you off!
- When searching for payday loans without a checking account: search for prepaid credit card, prepaid debit card loan, eceive your payday loan on a prepaid debit card, prepaid credit cards (plurals may result in different options for you), pre paid credit cards, and so on.
- Pawnshops. We know these ca be super shady and unreliable sources of quick emergency cash, they can also be life savers as many of us have resorted to them in order to get ahead in life. Search for: how to choose a pawn shop, pawnshops near me, online pawnshop and so on.
- Bitcoin loans. Search for get free bitcoin, bitcoin loan companies, bitcoin loan 101, bitcoin loans without income, bitcoin loans without a checking account and so on.
What are "traditional" payday loans without a bank account
Whether you have a bank account or not, with payday loans you receive money based on your income. You share some basic information about the amount of money you currently earn on a weekly basis and the loan you qualify for is based off of this. Of course, there are also loans without income proof, where you provide some basic information about yourself and how you want to receive the money. Now, you may not be able to take out tens of thousands of dollars in this kind of a loan, but you will be able to receive quick and easy money, without all the hassle that typically comes with applying for a loan, which is great news. The bad news is that administration fees can be high. Payday loans are among the most expensive loans out there.
A payday loan is a cash emergency loan that should be used when you temporarily run out of funds.
Payday loans are small and short-term (about 2 weeks). You can usually only get your hands on a few hundred bucks. The process is simple: you provide all the necessary documentation and money is given to you in the form of a prepaid credit card that you can use in any way you like. If you aren’t able to repay your debt, it could be possible to do what is called a rollover which is an extension of your payday loan. These rollover operations can be state regulated, which means they are outright illegal or there is a limit.
The general costs for a loan at a payday loan providers is rather high. Some ask a ridiculously high interest rate, where others ask you to pay other type of cost. While you are in the process of choosing a provider you will find out that those additional cost are often hidden and that the providers are often trying to mislead you. They advertise with low interes rates for example but the real cost only appears in the end of the process. Be aware of those extra often hidden costs.
With pay day loans the interest rate on an annual base is pretty bad. Compound rates can be above 30%. This is even without taking into account the additional fees that are involved with many pay day loans. If you can borrow money from friends or family this is a much better choice. Even better is to avoid the need for these loans.
Additional extra costs also will apply when you're late with paying back the loan. If you're looking for a fast cash advance then you may not be bothered by these extra hidden costs but they will bug you and you may get deep in the shit for not paying attention. This especially tends to happen to young people or low educated persons.
Why take out a payday loan without a bank account
Many people run out of money before the end of the month. While they still need money for food or purposes. That's where pay day loan providers step in. They offer instant payday loans that lasts for some weeks up to a month and promise instant acces to cash. Instead of searching for other options people take this chance and choose a rather expensive loan. It is known that payday loan providers cost rather a lot.
Other people that choose a payday loan is because the checks on your credit rating are less or even non-existent. Persons with bad credit ratings or who are already indebted are still able to have access to money loans. The big downside is that many people are not able to repay the loan and end up being even more indebted with all of its consequences. There are even people who shop from one payday loan provider to another. Other terms that are used for payday loan providers include cash advance.
How payday loans actually work?
If you need a quick loan that will get you through until payday, there aren't many alternatives out there. Payday loans, also known as short term loans are virtually the only real solution for this type of problem. Since the application process is super easy and the approval time is fast, there isn't much to understand really. So, before you give it the go ahead, do your research and find out what what will happen and how much and when you will be charged and so on. In short, you need to see if this is the correct choice for you.
In summary, a payday loan is a credit solution that has been designed as such that you pay it off on your next payment cycle. Such loans are for small amounts, typically between 50 and 1000 dollars and the repayment time is no more than 30 days. Terms will vary depending on the state you are at and the same goes for the interest rates.
- Short term
They have been designed with short term repayments in mind, so you should not expect to stay on a loan for more than 6 months. - Low credit scores
Because loan companies do not do a credit score check or will consider giving you a loan even if your credit score is low. You will still be required to provide proof of income, in other words, you have to provide proof that you will repay. - High rates
Because of its convenience and accessibility, you will be paying more interest. States generally regulate these rates, but they are still much higher than a typical loan. - Small amounts
The amounts depend on the state you are in, but as a rule of thumb these values will sit between $100 and $1000 dollars.
So, is a payday loan safe?
Our final word is: be careful. The payday loan industry justify its existence saying they are cheaper and safer then bounced checks and overdraft fees. Still, a payday loan can be a nightmare if poorly managed. Still, these are better options than say loan sharks which you must stay away from. There is a big difference between physical danger and financial danger.
Is it safe to get a payday loan online?
This is a question we get a lot. The safe answer of course is “it depends”. Most offers will at least get you many phone calls with offers and you may be able to get money quickly. But be aware that you will be flooded with calls.
How are payday loans different?
The biggest differences are very simple actually:
If your credit is less than ideal, a bad credit short term loan without a job can be a helpful option.
How to apply for a short term loan without a job and without a bank account
The steps are pretty simple For each loan company there will be a page listing the minimum requirements for eligibility. You must be over a certain age which will vary, earn a certain minimum amount and prove your residence as well. Here are some of the typical requirements and things you will have to have on hand in order to qualify:
- Confirmation of ID
- Contact details
- Proof of income
- You get an easy application process online
You can compare loan companies easily with an online application that is submitted in minutes. No need to visit a branch office or fax copies of paychecks. - Turnaround (approval) time is quick
Loans are approved the same day in most cases. Depending on the loan company you can get the money in under one hour. - The loans are short term (and created for that purpose)
It is called a payday loan for a reason as you make your repayment ideally on your next paycheck. This limits your fees and you are free of debt quickly. Make sure you do your budgeting right so you can repay easily. - Costs are very high
With high APRs, going up to 2000% in some States, you have to do your research carefully so you get the best deal possible with your payday loan! - Bad reputation
With many companies operating online in order to avoid State regulations, some of these companies are not reputable at all. So make sure your company is trustworthy and do proper verifications. - Easily get into debt
Do not get a loan you cannot pay back. It will be a lot of trouble for little money. With payday loans, the idea is to pay as soon as you get your next paycheck. Make sure you have adequate funds in your account so there aren't any issues. - Credit scores
- ChexSystems
- Collection agencies
- Payday loan lawsuits
- Find a Payday loan lawyer
The advantages of payday loans without a bank account
There are plenty of advantages of having a payday loan and if managed correctly, these outway its problems. This is true with any type of loan.
The disadvantages of payday loans without a bank account
Of cost the main problem here is the cost. Because of the rather large fees, they may not help the real problem and these can make things worse. You pay a high rate, so let’s assume here this is not a loan you use regularly. Say, limit this to a couple of times in your life, how about that?
I mean, say you need to fix your car so you can get to work. That is a good reason! However, thinking long-term a payday loan is a foolish idea. The reason is that you can get into financial trouble if you managed these loans incorrectly. If your checks bounce, your bank can charge you, incur overdraft fees and once your name is in the ChexSystems file other banks may be unwilling to work with you again. There is also a risk of a lawsuit or send your account to collections which means you will be harassed til the end of times.
So, if you need a payday loan, be aware and be careful! Understand the pitfalls of a payday loan, understand things like credit scores, ChexSystems, collection agencies and lawsuits.
More payday loan resources
The costs associated with payday loan without a bank account
We need to be upfront here. Payday loans are not cheap. Your annual percentage rate can be hundreds of percentage points. If you get 200 bucks for 2 weeks you may pay 40 dollars in fees! So be aware that these loans are not the most economical especially if you do multiple rollovers. We know they can be helpful, so read on.
- Rollover fees
If you choose to rollover the loan or even if you take out another loan with the same payday loan company, not only you will be having to repay your original loan plus fees, you will also have to pay all the fees with the new loan as well. This is super important to understand as rollovers are exactly how you can easily get into debt trouble. - Prepaid debit card fees
the idea of prepaid debit cards is simple: get cash without a bank account and you can even do cash advances with some. However, you must be aware of the many fees that typically come with these cards such as application fees, monthly fees and payments fees. - Late payment fees
If you are late with a payment, you are very likely to be hit with a late fee. These are State regulated. - Returned check fees
Also under heavy regulation, it is important not to let your check bounce. - Bank fees
Banks will charge you if you allow your account to overdraft. They may allow the payment to go through, but you will be paying for it. Make sure you have adequate funds.
- Ease of access; a payday loan can be obtained within a small duration of time.
- Ease of application; when compared to other loan options, payday loans are simple to apply. The process is straightforward and fast and requires very little information from the borrower.
- Maintains your credit score; these types of loans are not reflected in a borrower’s credit report. The lenders do not care about anything that touches on the credit score.
- Borrowers with bad credit are welcome; for payday loans, there is no difference whether a person has good or bad credit, any borrower is encouraged to apply.
- Instant access to cash; this is the only lending option that allows borrowers to get access to cash really fast especially when compared to bank loans. This feature attracts many borrowers as they get their money almost immediately.
- Borrowers don’t require cosigners or collateral; the process of getting a personal loan is simple and direct hence there is no need for collateral and cosigners.
- No need of personal contact information; you do not need to make a physical appearance when applying for this type of loan. The process takes place online and is hassle free making it more convenient for the borrower.
Other types of payday loans
Bank payday loans
Seeing the immensely profitable market with wide margins, traditional banks got into the name sniffing out the potential for more revenues.
If you think a payday loan with a bank will be any difference than with your round-the-corner loan shop or online option, you will be surprised: IT IS NOT. They are still banks wanting nothing more than protect their assets as you would protect your family or your home.
In fact, a payday loan with a bank can oftentimes be the worse option. Want to guess why? They have access to your bank account directly and a payday loan with a bank often means they will do automatic debits to get their repayments. Even if you need to make more important payments such as your mortgage, they will take out the more profitable loan payment first and they will do so as soon as the cash is in your account. You will not be able to run away from it.
So, you will have more control if you take out a loan elsewhere. This does not mean you should not consider your bank as an option, but be careful. Your banks may at the end offer some good terms which beat the competition.
Instant Payday Loans
We all suffer from financial trouble and this is the reason that payday loans have gained popularity among many borrowers as a source for small credit. There are a number of credit options to choose from but not all are beneficial to the borrower than payday loans.
In our present day, it is imperative that you get access to instant cash especially during a time of emergency. Payday loans are considerably better than other types of loans because of the following:
Tips for a Payday Loan Approval
Many borrowers face a common challenge, that of approval. When it comes to payday lenders, the approval process is easy, simple and more beneficial to both parties. The following applications are helpful in getting your payday loan approved.
- Credit score is of no concern to payday lenders but you should make sure that you meet all their requirements before applying.
- Keep in mind that most lenders accept applications after meeting the following basic requirements. You must be over 18 years old and a US citizen or resident. You must have a permanent source of income, you must be employed and have a checking account.
- Ensure that you do not have multiple loans that haven’t been clear yet.
- Ensure that you have a steady source of income when applying for a payday loan.
- Ensure that you are creditworthy, payday lenders may reject your application if you show that you might not be able to repay back the money on time.
- Make sure that you have an active checking account as the transactions occur electronically or online. You must have this account for your application to go through.
I am approved. What now?
Would you like to know if you will be approved for a payday loan? How can you make sure? There is not really a guaranteed way, but there are things you can do that can dramatically improve your chances.
- Find out what the criteria is.
It is pointless to apply for a loan that does not meet the minimum approval criteria such as your age or residency. - Are payday loans legal in your State?
More often than not, people find ways of applying for a loan just to be turned down because it is illegal to operate a payday loan business in his or her State. - Find out the credit rate requirements
The credit standards vary with each payday loan company. Some don't even check your credit and other only work with people below a certain rating. Research before applying. - You have to have a bank account
It must be a checking account and it must be in good standing if you want to qualify - Are you employed?
Some lenders require that you are employed. At least, they will require that you have an official source of income such as having disability insurance.
- Contact creditors
If you are thinking of a payday loan to cover another late bill such as a car payment or utilities, give them a call as they could be willing to extend your payment for that period. Go to the negotiating table and try getting a payment plan or ask for what is called a loan modification. - Call your bank
Sometimes your bank will loan you a small amount of cash. It is that simple. If you have good enough credit, this is quite likely. - Seek a community assistance program or an NGO
Non profits and assistance programs can help you budget properly and give you advice at no cost. If you meet criteria, cash advances are available. - Pawn loans
A credit card that you have for emergencies could have better terms than a payday loan. If you have something as collateral such as some jewelry, you could actually take out a small loan against it. - Build an emergency cash fund for yourself
Probably not the worst idea isn't it? After you get out of debt, try to build up some cash reserves: split rent with more people, get rid of that cable tv bill. - Pick up a part-time job
Probably the best thing you can do is to have a few months of reserves. The best way to build some of this for yourself is to get a second part time job even if you have to take a cleaning night shift. - Try peer-to-peer lending
Google peer to peer lending. It may help.
More friendly advice (Ok, motherly advice this time) regarding payday loans without a bank account
Alternatives to payday loans
When you are short on cash, the last thing you want is to feel even more pressure to pay back your debts. Please consider some alternatives before taking out a payday loan.
Remember that a payday loan is a high cost offer. If you can, please look into every other option before taking out a payday loan.
Are payday loans available in my state?
| State | Legal? | Max amount | Terms | Cost/US$100 |
|---|---|---|---|---|
| AL | Y | US$500 | 10 Ð 31 days | US$17,50 |
| AK | Y | US$500 | Min: 14 days | US$20 |
| AZ | N | N/A | N/A | N/A |
| AR | N | N/A | N/A | N/A |
| CA | Reg. | US$300 | Max: 31 days | US$17,65 |
| CO | Reg. | US$500 | Min: 6 Months | US$7,50 |
| CT | N | N/A | N/A | N/A |
| DE | Y | US$500 per loan, US$1,000 max per borrower per contract |
Max: 60 days | No Limit |
| FL | Y | US$500 | 7-31 days | US$16,11 |
| GA | N | N/A | N/A | N/A |
| HI | Reg. | US$600 | Max: 32 days | US$17,65 |
| ID | Y | US$1.000 | Not Specified | N/A |
| IL | Reg. | lesser of US$1000 or 25% gross income per month |
13-45 days | US$15,50 |
| IN | Reg. | US$550 or 20% of gross income per month | Min: 14 days | US$15 |
| IA | Reg. | US$500 | Max: 31 days | US$16,67 |
| KS | Reg. | US$500 | 7-30 days | US$15 |
| KY | Reg. | US$500 | 14-60 days | US$17,65 |
| LA | Reg. | US$350 | 60 days or less | US$30 |
| ME | Reg. | N/A | N/A | N/A |
| MD | N | N/A | N/A | N/A |
| MA | N | N/A | N/A | N/A |
| MI | Reg. | US$600 | Max: 31 days | US$15 |
| MN | Reg. | US$350 | Max: 30 days | US$15 |
| MS | Reg. | US$500 | Under US$250: maximum of 30 days; US$250-US$500: 28-30 days |
US$20 |
| MO | Y | US$500 | 14-31 days | US$75 |
| MT | Reg. | US$300 | Max: 31 days | US$1,39 |
| NE | Reg. | US$500 | Max: 34 days | US$17,65 |
| NV | Y | 25% of expected gross monthly income |
Max: 35 days; up to 90 days allowed if contract provides for installments and has no provisions for extension |
No Limit |
| NH | Reg. | US$500 | 7-30 days | US$1,38 |
| NJ | N | N/A | N/A | N/A |
| NM | Y | US$2.500 | 14 to 35 days, can be shorter via agreement in writing | US$16 |
| NY | N | N/A | N/A | N/A |
| NC | N | N/A | N/A | N/A |
| ND | Y | US$500 | Max: 60 days | US$20 |
| OH | Reg. | US$500 | Min: 31 days | US$1,08 |
| OK | Reg. | US$500 | 12-45 days | US$15 |
| OR | Y | Not specified | Min: 31 days | US$13 for 31 day loan |
| PA | N | N/A | N/A | N/A |
| RI | Y | US$500 | Min: 13 days | US$10 |
| SC | Y | US$550 | Max: 31 days | US$15 |
| SSD | Y | US$500 | Not Specified | No Limit |
| TN | Y | US$425(US$500 check) | Max: 31 days | US$17,65 |
| TX | Reg. | Not specified | 7-31 days | US$11,87 |
| UT | Y | No Limit | Cannot exceed 10 weeks | No Limit |
| VT | N | N/A | N/A | N/A |
| VI | Reg. | US$500 | Min: 2 pay periods | US$26,38 |
| WA | Reg. | US$700 or 30% of gross monthly income, Whichever is less |
Max: 45 days | US$15 |
| WV | N | N/A | N/A | N/A |
| WI | Y | Lesser of US$1,500 including fees or 35% gross income per month |
90 days or less | US$30 |
| WY | Y | Not Specified | 1 calendar month | No Limit |
| DC | N | N/A | N/A | N/A |
*regulated
What is the legal status of payday loans?
States legislate payday loans differently with some prohibiting it altogether, some restricting operations to a large extent and some only imposing the minimum requirements of common sense.
Payday loans are illegal where I live. What are the options?
- Unfortunately you won't be able to apply for a payday loan.
- You can try to get approved for an installment loan. The core difference between a payday loan and these are that they are more long term, for example 24 months.
- If you have a car, try a title loan.
How to know if your payday loan lender is legitimate
It is a hard thing to determine and the idea is to do your research properly to avoid surprises. The lenders we talk about in this page are tried and tested in the market. It is probably also a good idea to look online for third party reviews and perhaps give the lender a call or send an email and find out if the company is easy to contact.
Is your payday loan company a legal operation?
Try to find out if the company can legally operate in your State. The best way to do this is to visit our State specific pages so you get the details.
Is the payday loan displaying the APR
It is required by law that the payday loan company displays the APR on their websites even if the loans are short term. This is important because it gives you an idea of what the costs of your payday loan will be and also allows you to do some comparisons.
Is your payday loan company available as a store too?
Many of the companies we talk about in this page also have physical stores that you can go to apply in person. You can also make payments at the stores. Applying online is generally more convenient and the money goes to your checking account the same way. The idea is that you get a confirmation that the company you choose can legally operate in your State. If this is not explicitly stated online, it is prudent to ask.
| Up to U$100 If you need only $100, click here. 
|
Up to U$500 If you need only $500, click here. 
|
Up to U$1000 If you need $1000, click here. 
|
- Will a payday loan lower or raise my credit rating?
As a rule of thumb, payday loan companies do not submit your information to Equifax, Experian or TransUnion. With that said, it is possible that companies send your data to companies that the big three work with. If you fail to pay your payday loan on time or miss payments altogether it is possible that your credit score will be affected. The payday loan company may also take legal action such as passing it along to a collection agency which will affect your credit rating. - Are payday loan companies charging over their advertised rates?
Although it seems to be the case, it is not so. Companies are required by law to display APR and other information on their websites so you can compare offers. They also have to display information such as "this loan costs $20 for every $100" and so on. The secret here is to know the actual final cost of the loan. For example, although the advertising would say "20% interest" since it is $20 for every $100, if you get a $100 loan with 2 week repayments and a $15 fee, the actual interest rate ends up being 390%. - Can I get a payday loan with bad credit?
There is such a thing as the "bad credit short term loan". There are options available to you despite a low credit rating. Conventional loans will be out of reach. - Will I be able to get a payday loan in my State?
Some states outright forbid payday loans, with some either heavily regulating it and some allowing it completely - Are payday loans approved on weekends?
Both online lenders and stores will approve you as long as they are open. However you will only receive the money in your bank account when your bank operates. - How to apply for a payday loan
The process for applying for a payday loan varies depending on lender and the state you reside in. The first step is to fill out the application and sign the online contract. If you apply at a brick and mortar store, you need to bring documents and sign the contract. - Making sure the lender is safe
First, please make sure the payday loan company can operate in your State and that it complies with all regulations. It is also a good idea to look for third party reviews on the internet so you get to learn about the experiences of other customers. - No bank account? What to do.
It is possible, but it will most likely be a prepaid debit card. They may also allow you to go pick up the cash in person at a store. - Will my credit be checked?
Some will check, but most simply will not. The rule is that most will approve you regardless of your credit score as long as you have proof of income. - Do I need to fax documents or visit a store if I apply on the internet?
Most likely the answer is no. Most payday loan companies have online signup and contracts, 100% including upload documents. If you do not want to visit a storefront - How to repay a payday loan
Repayment terms will go according to the terms you signed with the payday loan company. You are likely to at least be required to give ACH authorization to the payday loan company so they can take out the repayment off your account. If they have a physical office locally, you can probably pay with a check in person. - ACH authorization. What is it?
This is the permission to withdraw money from your account that you give the payday loan company. Before you sign anything, make sure you know how much will be taken out of your account, if the withdrawal covers a repayment or a renewal and of course you must know the steps on how to revoke it (which is the law). - Guaranteed loan. Does it exist?
There is no such a thing, despite what the advertisements say. Payday loan companies still have to check your credit, income, FICO score and collect data. - How long to repay?
This varies depending on the payday loan company, but in general it will be on your next payday. Terms are usually 2-4 weeks. - Emergency: do I need a payday loan?
There are emergency cash loans available when you need to pay for something in an emergency such as a medical bill. If this is something you need to look into, a payday loan can help. - will a payday loan change my credit?
Payday loan companies do not report to Equifax, Experian or TransUnion. So at least in theory, taking out a payday loan won't change a thing. They may share information with smaller credit agencies which can be accessed by their bit sisters. - I cannot repay. What do I do?
First of all, call them immediately and find out what the options are. Also double check on state regulations. If the lender pressures you to take out another loan to cover the first, report them. - Can the company garnish my salary?
With a court order, yes. Without out, no. This only happens after you are formally sued and after a debt collector is involved. If a company is threatening you about this, check with a lawyer! - Why won't companies approved me in my State?
In order to protect consumers, there are plenty of regulation on the payday loan industry. All payday loan companies must comply to these rules, whether they prohibit, regulate or restrict operations. - How can I rollover?
This changes from company to company and it depends on where you live. You are likely to have to pay a fee. - How often can I get a payday loan?
There are regulations on how many payday loans you can take out as this is one certain way to get into an "infinite" spiral of debt. Doing this is a horrible idea. - I'm on welfare. Can I get a payday loan?
Yes, if you are on any type of government benefits, you will generally be able to be approved. - Is it possible to still get a direct deposit advance from my bank?
These are loans similar to payday loans that used to be offered by traditional banks in the past. - I share my car. Can I still get a title loan?
This is likely a no in most cases. See our car title loan page. - I got a phone call asking for repayment. What do I do?
Companies cannot call you to ask for a repayment. This is illegal. If this happens, report the company to the authorities.
Cash loans for unemployed
If you are unemployed and require a cash loan, please visit our cash loans for unemployed page.
