Right now I dont have a bank account, I cant get one right now until I pay a debit from my pervous account. I really need the money for an emergency. But I dont know how I would go about getting one that doesnt need to do a credit check or have a bank account.
How can I get a loan without a bank account?
You shouldn't have been one of those people who can't keep up with a check book and became overdrawn, really simple addition and subtraction!! People like you drive me nuts, you can't write checks for money you don't have!!
Reply:I agree with Cherrie022, if you can't handle a checking account you probably aren't smart enough to handle a loan, go back to high school.
Reply:In order to get a loan, you will need to satisfy the lender that you can repay that loan.
You will need to satisfy two requirements:
1/ You need to be employed
2/ You need to have collateral, i.e., asset(s) like own a house, a vehicle, a building, land.
The lender has to be assured that you can repay the money he lends.
Reply:I wish you luck. My partner was in the same situation other than the fact that he didn't have an emergency. He will need a loan sooner or later to buy a car. But he has the same debt problem, and had no bank account either.
He would have had to go to a friend or family member to get one. Banks wouldn't consider it, and loan companies, if they gave him or you one, would charge such high rates that it would just be evil.
Really try to find some friends or family that could help you first. Offer them the same interest rate that a bank would want, like 9% or something. And pay them back on time, every time, in a regular monthly or weekly interval.
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