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Getting A Payday Loan Without Using A Bank Account

by Jim ONeil on June 21, 2011

in Payday Loans News

Money is often not there when we need it most. Payday loans are a convenient way to get cash but many of them require a checking account. However, there are short-term, no credit check loans that do not have this requirement.

People with bad credit do not have to worry about being approved and they are not forced to open a checking account at a bank, which they may not qualify to do.

Not everyone is eligible to have a checking account. Individuals who have very poor credit are often denied by banks. This limits their ability to obtain things like payday loans. Fortunately, there are payday lenders that do not include a checking account on the list of eligibility criteria.

People can get a loan of between £100 and £1,500 without having to worry about opening this bank account.

To qualify for this loan, a person must have UK citizenship and be at least 18 years old. Monthly income must be at least £1,000 and the individual should have at least six months of current employment with the same company.

Loan payback term is two to four weeks, so the individual must have the ability to meet this timeframe.

After completing an online application, an individual waits for the lender to verify the information. There is no need to fax additional documentation because everything needed is supplied on the application. Some electronic transactions will require that the individual have an active bank account for at least three months, but the loan can be approved without it.

Once the cash is in hand, it can be used for any purpose. Loan approval is usually very fast, allowing individuals to use the money for last-minute purposes. Without the worry of a credit check or having a checking account, getting  no credit check payday loans should be a hassle-free process for most people.

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