Why You Should Get Your Payday Loan Now Before It's Too Late!

Are payday loans about to disappear? Maybe.

If you have an emergency, like a utility shut off notice, broken furnace, car broke down, medical needs, don't be afraid to apply for a payday loan. There are many consumer protection companies that say payday loans are a complete rip-off to the people that need them. These are the same people leading the charge to get rid of payday loans and payday lenders, forever.

Don't believe the hype.

Here's how it works: Let's say you need to borrow some money. Payday loans can range from $50 up to $1500. If you need to borrow $200, you would payback $230 for a 14 day loan. This works out to an Annual Percentage Rate(APR) of about 391%. Sounds expensive, doesn't it. Well that rate only applies if you were to take out this loan 26 times during the year for 14 days.

Does this happen? Yes. There are some borrowers who payback, and come back and borrow the next day. But that's not the point. Everyone doesn't. Payday loan critics
use this rate in their never ending attempts to get rid of payday loans.

If you use this credit option responsibly, for emergency situations, you're paying 15% using the example above. I just think that if a person needs a payday loan, he or she should be able to get one without some politician telling them that they can't.

Payday lenders are under assault throughout the country at the moment. In Ohio, voters passed Issue 5 last November which changed the way payday loans are being done here. The new law required credit counseling, lower interest rates, a four payday loan minimum per customer per year, and the creation of a database to keep track of borrowers and their activities conducting payday loan business. Other states have shut down payday lenders completely.

Most payday loans in Ohio are now referred to as small loans. One of the countries largest payday loan companies, Advance America, offers only $200 and $500 loans in some parts of Ohio. Many other payday loan companies have been forced to closed their doors.

So if you need a payday loan, make sure you keep yourself current about what's going on in the industry in your state. Trust me, no matter what anyone tells you, there is no easier way to get the money you need than from payday loans.

Secret Bank to Open Checking Account For Payday Loans!

Most payday lenders require that you have an open and active checking account to get payday loans. The problem is that many people needing a payday loan have screwed up their previous bank account. It's easy to do. Bounce a few checks and the next thing you know your account is closed and you end up in bank account hell. They call it...

Chex Systems!

Once you're listed in Chex Systems, it's almost impossible to open a checking account at another bank. But there is one bank that will give just about anyone a second chance. If you don't have a checking account or are already in Chex Systems, this bank will let you open up a new checking which you can then use to get a payday loan. And that bank is...

WoodForest Bank!

Woodforest Bank has a program called second chance checking. For a small fee, around ten bucks or so a month, you can walk in this bank today and open up a new checking account, get you some starter checks, walk into a your local payday lender and walk out with a payday loan.

It's really that simple.

Where do you find this bank? You probably have one in your town and didn't know it. I'm in Ohio and it's located inside the largest retailer in the world...

Your local Walmart!

If you need payday loans and lack of a checking account was holding you back, I just solved that problem for you!

Now there is one more problem that you may have to overcome, depending on the company you are trying to get your payday loan from...

Starter checks!

In order to get some payday loans, you need permanent checks. Some lenders will not accept starter checks when you first open your account. So make sure that when you open a new account, order some permanent checks at the same time. You should get them in 7 - 10 days.


If you're reading this and you are already in Chex Systems, this may be your last chance to act responsibly with a checking account. You should also know that you can be prosecuted in most states for passing bad checks. I've seen many people get payday loans and never pay them back. Do so at your own risk. You may end up in criminal court, facing jail time, or losing a civil case and paying up to three times the amount of the payday loan! I don't want to scare you, just keep these things in mind before you ever apply for a payday loan.

What You Need To Get Payday Loans!

Getting your first payday loan is very easy. For most payday loans, you only need to have two important items: income and a checking account. Many people think they don't qualify for payday loans because they are not employed.

Wrong!

All you need is a verifiable proof of income, such as a social security award letter, welfare office proof of income statement, pension statements, Workman's compensation, etc. Of course if you are employed, your most recent paycheck stub should do the trick.

A checking account statement is also required in most cases, as well as a personal check. Add two pieces of identification and you should be able to walk out of your local payday lender with several hundred dead presidents.

If you've screwed up your bank account in the past, I'll tell you about a bank that will let you open up a brand new checking account for a small fee.

How Anyone Can Easily Get Payday Loans and Small Loans!

Welcome to Payday Loans for Beginners. This site provides the information needed for anyone to apply for and get payday loans or small loans. If you have questions not covered in Payday Loans for Beginners please feel free to email your question to jones1445@gmail.com.