Where online can I find a personal loan with bad credit and no bank account?

Question by : Where online can I find a personal loan with bad credit and no bank account?
I am in desperate need of a loan due to unexpected medical bills. I have bad credit and don’t have a bank account. The only offers I am finding are for payday loans and cash advance loans that only offer a small amount of money. I need a loan where I could possibly get around $ 1000. Can anyone help?

Best answer:

Answer by Bills.com
Your situation is difficult and, unfortunately, there are no magical solutions. Payday loans and cash advance loans are in general very poor solutions, as they put you in a cycle of paying back more and more debt, at faster rates. If available, they are expensive and do not solve your problems.

Since your poor credit and lack of bank account will not let you take an unsecured personal loan, your only real options are using some type of asset (such as a retirement account) or a personal family loan. If you do take out a payday loan, because you can’t find any other option, make sure that you pay the loan back as agreed. Missing a payment will lead to extremely high penalty costs that make it next to impossible to dig yourself out of the hole and can lead to very aggressive payday loan collections http://www.bills.com/pay-day-loan-collection-advice/.

You may want to look into peer-to-peer lending, too. http://www.bills.com/peer-to-peer-loan/

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