How To Get Payday Loan Without Bank Account
Basic information related to Payday Loan Without Bank Account
As you know that payday loans are for the short-term. They usually have a high-interest loan but the good thing is that you don’t have to get checked your credit score. One good reason for getting a payday loan is that you don’t have to get a bank account for it. They will ask for your income proof only and it can be in the form of paycheck stub.
Payday loans are one type of multi-billion-dollar industry. They’re popular with immigrants and you don’t have to show your credit histories to your lender. Although they are expensive for you because you have to pay a good amount of interest rate but sometimes it is the only option. If you think you want to get the payday loan, get yourself ready to face all the things and high-interest rate.
Step by step guideline to get a payday loan without a bank account
Here are some steps that should be kept in mind if you are going to get a payday loan without a bank account:
- You have made a decision that how much money you want to borrow from the lender. What are the things you want to spend on the money? Payday loans are extremely expensive. Make sure you don’t get it until you are in actual need of it.
- Now, visit a good repute lender. There are hundreds of lenders online. You have to research them. Depending on where you live, there may be one down the street from you. Some streets are banned for payday loan lenders.
- In the first visit, you have to discuss everything with your lender. Do tell him why you want the money and how much. Some lenders will ask you to write an application to get a loan.
- Ask how much extra you will have to pay. The fee (interest), along with how long you want to borrow the money for, can be the equivalent of an extremely high APR (Annual Percentage Rate).
- Without the check, you have to get the money in cash.
- Get a schedule that when you will pay the loan.