Payday Loan And Savings Account - No Checking Account Is Needed

June 7, 2010 - PRLog -- The problem most individuals face is that they do not believe they have any recourse if a bank won't grant them a loan. Perhaps they don't have a friend or relative to borrow from.

Aurora Lillo Editor of the "Direct Payday Loan Lenders" website -- http://www.DirectPaydayLoanLenders.org -- pointed out;


“...They may have an inordinate amount of debt. There are many reasons they can't seem to convince anyone to loan them money for their need. However, there is a loan solution that is very quick and asks few if any questions. This loan type is known as a payday or cash advance loan...”

A cash advance loan is designed to be used between pay periods and repaid in its entirety upon the borrower's next pay day. This gives this loan type its name. Generally lenders of this type of loan do not require a credit check, references, and any number of other bits of personal data a traditional lender such as a bank might require. The only requirements many of them have is that a borrower will need to have a steady income and a bank account in good standing.

“...Originally, this bank account was solely of the checking account variety. In older times it was necessary to write a check either physically or electronically as a security on the loan. Modern lenders, especially on the internet, can perform these lending services with any type of bank account. This includes a savings account. The only requirement is that the bank account in question must be able to allow an outside source to deposit and withdraw money from the account...” added A. Lillo.

Further information and instant approval payday loans regardless of your credit by visiting: http://www.DirectPaydayLoanLenders.org