Loans Guide answers:

The #1 requirement for a payday loan is a job. Technically, a payday loan is a loan that you pay back the next time you get paid.

Zero internet lenders will give you a payday loan without a bank account b/c this is there only way that they can receive payment. There are brick and mortar payday loan stores that will give you what they call a “signature loan” in states where they can garnish your wages. They do this through a voluntary wage assignment that you sign or a court ordered wage garnishment, if they sue you. I’ve seen this product in Illinois and Wisconsin because we run a payday loan software company. I don’t know what other states this will work.

Again, you’re question was “Can I”? You can get a payday loan without a checking account in certain states. You probably shouldn’t b/c this product typically costs twice as much as a payday loan. Just by opening a checking account, you cut the cost in half and by having $500-1,000 in your savings, you don’t ever have to take out a payday loan, period.

Loans Guide answers:

The site below will explain the risks, as well as at least a half dozen places that offer what you are looking for. If you are resposible and only need the money for VERY short term needs, then these places offer a great resource.

Best of luck to you.

Loans Guide answers:

Don’t get the payday loan. It’s a rip off. The interest rate is HIGH. They may not give you the loan with out an account. When it’s time to pay the loan back they want to debit their money directly from your account.

Loans Guide answers:

You need to budget your money better, write down EVERYTHING you spend. Even if its 25 cents on a pack of gum. Everything goes into the log, that way you see what you are spending. Go without luxury satellite or cable, cut back on your phone plan.

Loans Guide answers:

Can’t be done.

The problem with not having an account is not that they have nowhere to deposit the funds; it’s because the lender uses your check or draft authorization to collateralize the loan.

Loans Guide answers:

Only a court can garnish your wages. Most payday places have the legal procedure down to a science. Don’t think your going to outsmart them, you are NOT the first one to be in this position.

They want their money, expect to hear from them, often. Talk to them, ask them to freeze the debt & try to work out a payment plan. Expect to have to pay all of the principle but try to negotiate the interest & penalties as that money is not realized until it is collected. Be polite, expect no sympathy, they have already heard it all. Let them suggest a settlement price & work from there.

L am unfamiliar with that $15.50 per $100 rule. Keep in mind the debt = principle + interest + penalty + service charges. It may help to go over the statement per line, & per debt, not as a lump sum.

Loans Guide answers:

Yes, but like everyone else they have to take u to court first. If they get a judgment in their favor the can do all kinds of nasty things to you. Garnish wages, liens on property, grab money in bank accounts. You should really address why you would ever go into one of those loan sharks’ shops.

Loans Guide answers:

Check with your old bank, they can tell you who the payments went to. Then try to get in touch with the lender and save copies of everything you send and recieve. You might need that stuff to prove to the credit bureau that you mad a sincere attempt to pay the loan.

Loans Guide answers:

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Loans Guide answers:

Sorry your having a tough time with this, but if the car is collateral for a loan which you signed for – and unfortunately you cannot pay; then, yes I think they could boot the car. My one reservation is why would they boot it and not just come and get the car (repo)? It makes me wonder if they can’t repo the car; then, maybe the payday loan store did not properly secure the loan with the car? Again, if they did and you were not paying – then it seems to me they would skip the “boot” and go straight to repo? Did you save your paper-work on the loan? See what it says to be sure. They might be harrassing you beyond the rights of the loan conract, in which case if they did boot your car they are hoping you don’t raise a fit and instead are intimidated into paying (which you should do if you can since you did borrow their money). Study the loan papers yourself (closely) and then go see if an attny will help you pro-bono to get the payday loan shark off your back. I hate that the interest is likely really high on you and will pray you get thru it ok….