Want this question answered?
It is quite tough to get a payday loan without a bank account but you can find some companies which offer these facilities too.
Can I be charged with bank fraud or any other criminal offense for closing an account on a payday loan?
Actually it is not easy to get apply for a payday loan without having a bank account. It is not like any other loan where a money lender can easily assist you. However you can try consulting payday lender offices.
Netspend does payday loans but they won't even accept their own bank as an account. Makes you wonder huh.
There is no way to apply for a payday loan online because the people at the payday loan place need to see a form of identification, a bank statement, and pay stubs.
Banks will allow deposits into members' accounts. Get your loan then carry the money to their bank if the payday loan people won't do a direct deposit.
One of the direct payday loans companies which offers the service of the money being sent directly to your bank account is called Highland Loans. Another is Ace Cash Express.
The requirements of same day payday loans are , you must be at least eighteen years of age and have a job. You also need a bank account. If the loan is approved, it can be in your bank account that same day.
Easy money
The loan collector can collect from any account that you have provided access to.
Yes, in fact it may be recommended. First, you should find out if payday lending is even legal in your state. Many states have made payday lending illegal. This means a payday lender could not legally collect from you on an unpaid payday loan. The only way to really stop a payday lender from taking money out of your account, is to close the account. Notify your bank about why you are closing your account. Be honest. Chances are, you are not the first for them. Prepare then for harassing phone calls from the payday lenders, which quite often violate the law themselves. You could file a complaint with the FTC and your state financial regulatory agency about harassing collection calls.
Yes, someone with bad debt can get a payday advance. You are required to link the advance to your bank account, in most cases, so the money will be automatically withdrawn from your account on the agreed to date.