How to Get a Payday Loan Without a Checking Account

Payday Loans

Payday or cash advance loans provide you with quick cash when caught in a financial bind. These short-term loans are available without a credit check, and most loan companies require an active checking account to deposit and withdraw funds. Although checking accounts are customary with payday loans, there are ways to obtain funding without a checking account.

Things You'll Need

• Paycheck stub
• Collateral
• Savings account

Instructions

1. Provide proof of income. Payday loans require consistent employment and income. Make copies of your paycheck stub and present this information to the loan company.

2. Select a local loan company. It's possible to complete an application for a payday loan online with a nationwide company, but if applying without a checking account, consider using a local loan company. They're more willing to work with no-checking account applicants.

3. Use your savings account. Ask the loan company to use your savings account as collateral for the payday loan.

4. Present a car title. Consider using your automobile as collateral for a payday loan if you don't have a checking account. The loan company holds the title until you repay the loan.

Tips & Warnings

• Payday and cash advance loans have high finance fees. Read your contract carefully before signing your name.

References

• Big Cash Advance: Payday Loans without Checking Account
• How to Get a Quick Payday Loan without a Bank Account
• Payday Loan Man: Payday Loans No Checking Account