Getting an instant cash approval payday loan with no checking account is something that many Americans are looking for during the current economic downturn. It seems that every month bills continue to pile up and we make the same amount of money or possibly even less. No matter how hard we try it seems like we can never get ahead when it comes to personal finances.If you have no checking account and you desire to get an instant cash payday loan then you are in luck. This industry has greatly increased during the recession because of the demand for these services. By doing a quick Google search you will find many companies advertising their services. Some of the online payday loan companies prefer you have a bank account because they would rather wire money to a bank account.
Even if you do not have a bank or checking account there are still options for you. Some of the online payday loan companies will be more than happy to Western Union you the money or you could search for companies that have a physical address in or near the town in which you live. It is hard to imagine that any average sized city would not have at least a few payday loan companies.
Please realize that getting a payday loan comes with fees that could add up quickly. Most of the time you will find that fees on payday loans are around $10 to $15 per $100 borrowed. Each time you receive a paycheck and do not pay off your loan these fees will be added. If you borrow $100 and it takes you three paychecks to pay the money back you could see fees up to $45; almost half of the loan value!
If you plan on getting a payday loan please make sure that you are going to do your best to pay it off as soon as you get your next paycheck. If you cannot pay the loan off with your next paycheck you are going to find that these fees add up very quickly and you could find yourself in huge amounts of debt with the payday loan company. There are many companies out there that are willing to offer you their services so do not feel that you don’t have options.
source:http://www.subprimeblogger.com
